Mortgage refinance booms are a thing of the past: MBA chief economist

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The net share of those who expect prices to continue to rise fell 2 percentage points to 37 percent while the net of those expecting mortgage rates to move. Fannie Mae senior vice president and.

Mortgage-application data through August 2017 from the Mortgage Bankers Association (MBA) suggests that FHA’s share of overall mortgage applications dropped by around 5 percentage points in roughly two and half years. "This share has dropped some, but still remains at around 10 percent of the total," MBA Chief Economist Mike Fratantoni said.

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Refinancing applications are a significant portion of all mortgage applications, according to the Mortgage Bankers Association (MBA). In part, this may be because relatively low mortgage interest.

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Mortgage Refinance Booms are a Thing of the Past: :Mortgage Refinance Booms are a Thing of the Past: MBA Chief Economist The era of plentiful refinance volume is over for the foreseeable future, the result of mortgage rates remaining in a very narrow band for the past decade, said Mortgage Bankers Association Chief Economist Mike Fratantoni.

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Mortgage refinance booms are a thing of the past MBA chief economist The era of plentiful refinance volume is over for the foreseeable future, the result of mortgage rates remaining in a very narrow band for the past decade, said Mortgage Bankers Association Chief Economist Mike Fratantoni.

According to LeGate, this kind of thing just started to happen in the past month or so. Allen Hardester, director of business development for mortgage broker Guaranteed. a drop in home prices this.

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The current share is close to the pre-housing boom (2001-03) average of 38 percent, NAHB economists pointed out. Q: Are mortgage applications rising. Lawrence Yun, NAR’s chief economist, states:.

Mortgage refinance boom goes bust as rates shift higher. according to the Mortgage Bankers Association’s seasonally adjusted index.. The sharp drop in mortgage rates in the past month had.

Refinance. higher mortgage interest rates compared with last year. "Mortgage application volume was little changed as mortgage rates remain within the narrow range they have been in the past.

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Source: CoreLogic Negative Equity (March 9, 2017 Release), Louisiana, Maine, Mississippi, South Dakota, Vermont, and Wyoming have insufficient equity data to report, Hawaii average equity gain is from Q3.