Mortgage applications fall on declining refinance activity

Housing Bubble 2.0 - ReFi Resurge - Zillow Zillion Zone - Facebook Fakes Friendly - Sell Soon Sucka MBA: Mortgage Applications Fall by 4.5% – DSNews – Mortgage applications decreased 4.5 percent over the week last week with most of the decrease occurring among refinance applications, according to the

By Richard Leong. NEW YORK (Reuters) – U.S. mortgage applications to buy a home and to refinance one recorded their steepest weekly decline in four months as some mortgage rates increased to one.

 · The refinance share of mortgage activity increased to 47.4 percent of total applications from 40.4 percent the previous week. Among the federal programs, the FHA share of total applications decreased to 8.8 percent from 9.3 percent the week prior while the VA and USDA shares of total applications remained unchanged at 10.4 percent and 0.6.

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The Refinance Index also fell, down 1%, following the previous week’s 4% fall, with the refinance share of mortgage activity falling further to 36.3% of total applications, the lowest level since.

After declining for several consecutive weeks, mortgage applications reversed course for the week ending May 3, 2019, according to the Mortgage Bankers Association. According to MBA’s weekly.

The latest mortgage application data represents a drop in volume of 15% compared to the same time a year ago. The largest fall in activity came from refinances with refinance volume falling 3%.

“Mortgage applications saw mixed results last week. Purchase applications increased to their highest level in five weeks, but despite the pause in rates, refinance activity dropped again and remained.

U.S. mortgage applications to buy a home and to refinance one recorded their steepest weekly decline in four months as some mortgage rates increased to one-month highs, in step with higher bond.

Refinancing Activity Soars Due to Rate Declines By Litic Murali on April 4, 2019 (). Amid growing concerns about housing affordability, the latest data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey show a surge in home refinancing, a week-to-week increase of 39% on a seasonally adjusted basis.

Mortgage Applications Decline in Latest MBA Weekly Survey – The refinance share of mortgage activity increased to 43.2 percent of total applications from 41.6 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 7.5 percent of total applications. The FHA share of total applications increased to 11.0 percent from 10.5 percent the week prior.

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Mortgage applications fall again The decline is the fourth in as many weeks. refinance share of mortgage activity down 1.1 percent to 49.0 percent of total applications. The adjustable-rate.

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