Mortgage Applications Surge on Lower Rates

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Composite Index: -6.2% vs. -0.9% (W/W). Purchase Index: -4.0% vs. -4.0%. Refinance Index: -8.0% vs. +0.4%. 30 year mortgage rate remains at 3.94% vs. 3.90%.

Applications to refinance jumped 12 percent for the week as homeowners rushed to take advantage of attractive rates.

Mortgage applications surge nearly 9 percent on lower rates March 28, 2019 the_admin 0 Comments Borrowers and buyers awoke to a new normal in housing affordability last week, as mortgage rates dropped to the lowest level in more than a year and are now expected to stay low for a while.

Mortgage application volume increased 8.1% on an adjusted basis last week, led by a surge in applications for refinances driven by lower rates, the mortgage bankers association‘s (MBA) Weekly Applications Survey shows. For the week ended September 27, applications for refinances jumped 14% and were 133% higher compared with the same week one year earlier.

Applications for refinancings increased 9 percent during the week. Refinance applications, however, are still 35 percent lower than the same week a year ago, when interest rates were lower. Kan says mortgage applications likely would have gone even higher last week if it wasn’t for two major hurricanes to strike the U.S. over the past two weeks.

Mortgage applications tank 7.1% as interest rates surge Weekly mortgage applications surge on lower rates 8:42 AM ET Wed, 27 march 2019 cnbc’s Diana Olick reports on newly released mortgage application data. Watch CNBC Live TV.

Weekly mortgage applications surge nearly 9% on lower rates Mortgage application volume jumped 8.9 percent last week, according to the Mortgage Bankers Association. The average rate for 30-year fixed-rate mortgages decreased to 4.45 percent from 4.55 percent for conforming loans with a 20 percent.

The number of overall mortgage applications surged 28.4% last week compared with the previous year, according to the Mortgage Bankers Association. They were up 18% over the previous week. Refinance.

Mortgage Applications Continue to Surge on Lower Rates – MortgageOrb Due to a significant drop in mortgage rates, mortgage application volume jumped 21.7% during the week ended Aug. 9, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey.

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Mortgage application volume jumped 8.9 percent last week, according to the Mortgage Bankers Association. The average rate for 30-year fixed-rate mortgages decreased to 4.45 percent from 4.55 percent for conforming loans with a 20 percent down payment. Refinance applications jumped 12 percent for the week and were 8.5 percent higher than a year ago.