Mortgage Applications Decline for Sixth Consecutive Week May 30 2018, 5:59AM Although interest rates extended their decline for the second week, the level of mortgage activity failed to respond.
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Mortgage rates fell for a 2 nd consecutive week. data released through the week included May’s ISM service sector PMI, which impressed, providing further evidence of a pickup in economic activity.
Refinance Applications Drop for Sixth Consecutive Week Mar 28, 2012 WASHINGTON, D.C. (March 28, 2012) – Mortgage applications decreased 2.7 percent from one week earlier , according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 23, 2012.
· Mortgage applications decreased after last week’s slight increase. So what was the main contributor behind the drop in mortgage applications? To no surprise, refinance applications.
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For the second time in as many weeks, applications for mortgages have moved lower. According to the weekly survey conducted by the Mortgage Bankers Association , applications were down 2.3% in the.
Mortgage rates this week. At the current 15-year fixed rate, you’ll pay $745.21 each month for every $100,000 you borrow, down from $747.23 last week. At the current 5/1 arm rate, you’ll pay $484.36 each month for every $100,000 you borrow, down from $487.27 last week.
Mortgage Application Activity Down for Third Consecutive Week. The adjusted Purchase Index has declined an aggregate of 9 percentage points over the last three weeks, reflecting the recent softening of both new and existing home sales. The unadjusted Purchase Index remains 1 percent higher than during the same week in 2017.
Rates on 30-year mortgages fell for a second straight week as bond investors expressed relief that the Federal Reserve has not grown overly concerned about inflation pressures. Mortgage giant Freddie Mac reported Thursday that rates on 30-year, fixed-rate mortgages averaged 5.91 percent this week, down from 5.93 percent last week.
Added Fratantoni, "Refinance application volume increased as well, with the index reaching its highest level in a month. Borrowers with larger loans tend to be more responsive for a given drop. U.S.
· The adjustable-rate mortgage (ARM) share of activity decreased to 5.4 percent from 5.6 percent of total applications from the previous week. During the month of February, the investor share of applications for home purchase was at 6.1 percent, a decrease from 6.4 percent in January.
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