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Refinance application share hits eight-year low: MBA

MBA’s Market Composite Index, a measure of loan application volume, fell 4.1 percent on a seasonally adjusted basis from the Index for the week ended May 5. On an unadjusted basis, the index was down 4.0 percent. The Refinance Index dropped 6.0 percent from a week earlier and the share of refinance activity at 41.1 percent, was the lowest.

The report shows that non-bank mortgage lenders continued to gain market share from the big banks: The top two purchase loan originators in the fourth quarter were Quicken Loans (14,678) and Caliber Home Loans (12,075), followed by wells fargo (10,826), Fairway (9,149) and JP Morgan Chase (7,994).

The Brexit-induced boomlet in mortgage refinances hit new highs last week. Lower interest rates pushed total mortgage application volume up 7.2. when interest rates were higher. The refinance share.

The MBA Refinance Index measures the number of refinance applications submitted and is reported every Wednesday. However, it does not measure the number of refinance loans that are actually closed.

Mortgage applications in the United States fell 3.3 percent in the week ended May 24th 2019, following a 2.4 percent gain in the previous week, data from the Mortgage Bankers Association showed. Refinance applications declined 6.0 percent and applications to purchase a home dropped 1.4 percent.

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Mortgage gauge hits 14-year low, but that doesn’t mean housing is dead. September 10, 2014, 11:04 AM ET.. While MBA adjusted its data for the holiday, there may still be some distortions.. as busy adults can postpone a refinance application to another week," said Frank Nothaft,

People on the move: April 27

Refinance Application Share Hits Nine-Year Low – The Mortgage bankers association (mba) said today that mortgage applications were down across the board during the week ended May 12, with refinancing taking the biggest hit. MBA’s Market.

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Mortgage applications hit 12-year low as refi boom dries up. after the Fed signaled it was preparing to dial back its stimulus program – have "whacked" refinance. to all Inman content.

MBA: Refinance applications fall to eight-year low U.S. mortgage delinquency rate rises from 18-year low, MBA reports Alcynna Lloyd is a reporter at HousingWire.

Purchase Mortgage Applications Hit 8-Year High.. The Mortgage Bankers Association’s. but the refinance share of overall activity dipped to 49.4 percent from 52.2 percent. It was the first.

The Mortgage Bankers Association said its. Applications for U.S. home mortgages fell for a second week and hit a 13-year low as mortgage rates rose due to a bond market sell-off following the.