Application activity increases on a slight decline in rates

Mortgage rates’ steady decline. loan application volume – increased 3.6 percent from a week earlier. The refinance index rose 6 percent from the previous week, while the purchase index grew 2.

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The slight falloff in application volume accompanied a similarly small increase in mortgage rates. The average interest rate for a 30-year fixed-rate mortgage last week was 4.48 percent, up from 4.

The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume. "Refinance applications saw a very slight increase compared to the previous week, despite.

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The average interest rate on a 15-year fixed home loan – most popular among refinancers – slipped to 3.43 percent last week, the lowest level seen since October, the report said. Moreover, that was down from 3.48 percent a week earlier.

Despite a slight decline in the total number of loans reported by agricultural bankers, farm lending continued to increase in the first quarter of 2019. The growth in loan volumes was due primarily to additional increases in the average size of loans to farmers.

“Even though the decline. slight decrease in rates was enough to boost mortgage applications, according to the latest data from the Mortgage Bankers Association. The market composite index – a.

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The Market Composite Index, a measure of mortgage loan application volume, Many of the economic fundamentals that support housing activity remain.. A modest increase in interest rates offset a slight decline in home prices to keep.

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After a month of incremental increases, fixed mortgage rates. total loan application volume – decreased 2.1 percent. The refinance index fell 4 percent, while the purchase index slipped 0.1 percent.

The Market Composite Index, a measure of mortgage loan application volume, decreased 0.6 percent on a seasonally adjusted basis from one week earlier.. mortgage apps Decline a Slight 0.6 Percent Over Last Week.. The adjustable-rate mortgage (ARM) share of activity increased to seven.

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