Mortgage applications dropped last week, while refis hit their lowest level since september. login. news.. Mortgage apps down, refis hit 8-month low. HomeNews. by MPA 30 Apr 2015. Most Read.
· In September, for the second period in a row, the total U.S. put in place construction figure, seasonally adjusted and annualized in current’ (i.e., not altered for inflation) dollars, from the Census Bureau was negative month over month (m/m). The decline versus August was -0.4%. For the prior month-to-month time frame, August compared with July, [.]
Despite Low Rates, Mortgage Apps See 3.8 Percent Weekly Drop – Mortgage applications decreased 3.8 percent from last week, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 20, 2012. The.
Mortgage apps fall 4.3% despite low mortgage rates Mortgage Rate Forecasts for 2018. The 10-year Treasury note rate should be 2.8% and the 30-year fixed mortgage rate, 4.3%." Lastly, we have a 2018 mortgage rate forecast offered by Freddie Mac, one of the two government-sponsored enterprises that buy home loans from lenders. Unlike the MBA’s outlook, which is broken down by quarter,
· continued drop in sales on a year-over-year basis, but at a more moderate pace than what was observed a couple of months ago.. Mortgage applications fall as refis dwindle: Overall, mortgage applications dropped by 3.5% last week. However, all of the decline was driven by fewer refinancing applications. In fact, purchase applications rose 2%.
In the previous week, the refinance share was 45.1%. The adjustable-rate mortgage share of activity decreased to 8.5% of total applications, down from 9% in the previous week, which was the highest.
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Construction of single-family homes rose 3.5%, but apartment building skidded 9.4%. Applications for building permits, an indication of future construction, fell 6.1% last month to 1.22 million, the.
In the mortgage world, a “rate and term refinance” refers to the replacement of an existing mortgage(s) with a brand new home loan. The refinance loan comes with a new interest rate (ideally lower) and a fresh mortgage term, such as another 30 years.. The existing mortgage is effectively paid off by the opening of the new refinance loan, with the old loan balance transferred to the new loan.
TransUnion: Mortgage delinquency rate slows in 2014 · While the rise in delinquency rate should be modest, total auto debt per borrower will increase significantly, to $17,966 at the end of 2014 from $16,942 at the end of 2013, according to TransUnion’s forecast.
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