The Mortgage Bankers Association reported that its Market Composite Index, a measure of application volume, managed to increase a meager 0.1 percent on a seasonally adjusted basis when compared to.
Bottom Line: Mortgage rates nudged higher in the first two weeks of April, sending applications for mortgage refinancing lower. Purchase applications, though, held up, even inching a touch higher. Applications for 5-year Adjustable Rate Mortgages (5-year fixed then flowing with 30-year amortization schedule) came back down to a more normal share of overall applications after a surprising.
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After increasing 4.1% the previous week, mortgage application volume increased 4.5% on an adjusted basis during the week ended Jan. 19, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. This week’s results included an adjustment for the MLK Day holiday.
Mortgage application volume moved higher last week, and it was refinances that drove the increase. jumbo rates remained lower than conforming rates — which rose to a seven-year high. FHA Endorsements Edge Higher, Book of Biz Grows Monthly residential government-insured mortgage production was nudged up, though commercial real estate.
Mortgage application volume was flat during the week ended June 28, as a 1% increase in applications for refinances was basically offset by a 1% increase in applications for purchases, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Total volume decreased 0.1% compared with the previous week.
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Mortgage applications increased last week thanks to a strong uptick in purchase demand. It’s important to note the data included an adjustment for the Memorial Day holiday. Meanwhile, mortgage.
While mortgage application rates had previously dropped for six weeks in a row, the final week of March saw the total volume of applications improve by 2.7 percent, adjusted seasonally. This.
This represented a 1 percent increase from the previous week. Purchase mortgage application volume fell 2 percent on a seasonally-adjusted basis from the previous week and 6 percent on an unadjusted basis. When compared to the same week in 2011, the purchase index was 2 percent higher on an un-adjusted basis.
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Although mortgage applications. again there was an increase in average refinance loan sizes, as borrowers with larger balances responded accordingly to lower rates. Purchase activity declined again.