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 week.
For the second week straight, mortgage interest rates declined, according to the latest Freddie Mac Primary Mortgage Market Survey. The report has shown the 10-year Treasury yield rise by 5 basis points for the week ending July 27, 2017 while the 30-year fixed-rate mortgage dropped by 4 basis points to a new low.
Consumers saw an opportunity last week and took it – in a big way. Mortgage rates dropped to their lowest level in nearly two years, so total.
“Mortgage application activity cooled off last week after two consecutive weeks of sizeable increases,” Joel Kan, MBA's associate vice president.
NEW YORK, April 18 (Reuters) – U.S. mortgage applications fell for the fifth consecutive week, largely reflecting a drop in demand for home purchase loans, an industry trade group said on Wednesday.
Mortgage rates were mostly unchanged from last week due to easing of trade tensions with Mexico which helped stabilize markets. These historically low rates should provide continued opportunities for current homeowners to refinance their mortgages – which combined with new homebuyer activity – will help sustain the momentum in the housing.
Mortgage Statistics | Mortgage Daily – Mortgage Delinquency Holds, Miami’s Rate Plunges. Mortgage Bankers Cut 3-Yr Purchase Forecast A $65 billion reduction has been made to the three-year outlook for the origination of loans to finance the acquisition of residential properties. The good news is that the bulk of hit is two years from now.
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The volume of mortgage applications surged by 27% last week.. decline in interest rates to buy homes and refinance their mortgages. Created. for many consecutive months, will turn positive in the second half of this year.”.
NEW YORK (Reuters) – applications. week before, but still high enough to keep buyers out of the market. “mortgage rates remained above 5 percent last week, up almost a full percentage point from.
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Mortgage applications drop for the week Mortgage applications fell for the first time in a month on lower purchase-loan activity, the Mortgage Bankers Association (MBA) reported. For the week ending on Jan. 29, overall applications fell 2.6 percent on a 7 percent decline in purchase-loan applications.
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