With refinance activity rising to its highest level in three years, mortgage application volume increased 26.8% from one week earlier, according to the Mortgage Bankers Association.
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Mortgage applications rose 3.6% from for the week ending February 15, according to data from the MBA Weekly Mortgage Applications Survey.
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Mortgage Application Volume Takes Back Some of May’s Gains May 29 2019, 5:34AM Mortgage application volume declined during the week ended May 24, more than reversing a 2.4 percent increase a week.
Mortgage applications decreased 0.6% from one week earlier, according to. The Market Composite Index, a measure of mortgage loan application volume, “purchase applications declined slightly last week but still remained.. a year- over-year increase in its foreclosure inventory rate so far in 2019.”.
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The volume of mortgage applications increased slightly during the week ending March 2, the second straight week of volume increases, according to the Weekly Mortgage Applications Survey released.
The results for the week ending May 31, 2019 included an adjustment for the Memorial Day holiday. The Market Composite Index, a measure of mortgage loan application volume, increased 26.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 38 percent compared with the previous week.
Last week, the rate for a 30-year fixed-rate mortgage increased to 4.40 from. However, with rates bumping up a bit, mortgage application volume decreased by. Although rates rose slightly last week, they are still a quarter of a percentage. However, so many homeowners have already refinanced, taking.
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U.S. mortgage application volume hits six-week high: mba 1 min read FILE PHOTO – A ‘House For Sale’ sign is seen outside a single family house in Uniondale, New York, U.S. on May 23, 2016.