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Application activity increases on a slight decline in rates

One week after posting the first positive results in five weeks, mortgage application. rate mortgages (ARMs) decreased to 3.82 percent from 3.88 percent but an increase in points from 0.26 to 0.44.

MBA: Mortgage applications post slight uptick. mortgage activity increased to 41.9% of total applications from 41.6% the previous week. The adjustable-rate mortgage share of activity decreased.

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Freddie Mac’s Chief Economist Sean Becketti attributed the rate decline to weak Treasury yields. increased last week, according to the Mortgage Bankers Association. The market composite index – a.

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The market experienced an increase in the Refinance share of mortgage activity from 38.7 percent of total applications during the previous week to 38.9 percent. There was a decrease to 6.1 percent of total applications in the adjustable rate mortgage (ARM) share of activity.

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There was relative scant movement with mortgage application activity for the week ending Nov. 16. spiral in oil prices and a volatile equities market caused mortgage rates to decline 13 basis.

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The market experienced an increase in the Refinance share of mortgage activity from 38.7 percent of total applications during the previous week to 38.9 percent. There was a decrease to 6.1 percent of total applications in the adjustable rate mortgage (ARM) share of activity.

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