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The mortgage market just had its strongest week in months

Housing Wire

Falling mortgage rates last week brought increased demand. Total home loan applications increased 2.8% 1 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). The 30-year fixed-rate mortgage averaged 7.17% last week. for the week ending Dec. the week prior.

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Mortgage apps fall as higher-end market takes off

Housing Wire

Mortgage applications fell 0.6% 17, with fewer borrowers looking for purchases in the lower end of the market, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Compared to a year ago, mortgage applications declined across the board. The overall market composite index dipped 31.9%

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Mortgage apps decline 1.2% despite drop in rates

Housing Wire

Despite a decline in mortgage rates last week, mortgage application volume was down 1.2% The decline, as measured by the Mortgage Bankers Association ’s (MBA’s) Market Composite Index, continued to be led by a drop in the refinance share of mortgage activity, which has been consistent for more than two months. .

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MBA: Mortgage apps decline 2.3% to four-year low

Housing Wire

Mortgage apps dropped 2.3% for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. Refinance share of the mortgage activity declined to 31.5% the prior week, and the VA loan share dropped to 10.2%

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Mortgage apps decline 6.5% to 22-year low

Housing Wire

Mortgage application volume for the week ending June 3 dropped 6.5%, sliding to the lowest level in 22 years, driven by weakness in purchase and refinance applications. “The 30-year fixed rate increased to 5.4% The refinance share of mortgage activity rose to 32.2% The post Mortgage apps decline 6.5%

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Mortgage apps jump 2.5%, propelled by purchase activity

Housing Wire

Individuals across the country chasing the American dream of homeownership helped to push mortgage-application volume up by 2.5% from the prior week, fueled by increased conventional, Federal Housing Administration (FHA) and Veterans Affairs (VA) loan-application volume. The seasonally adjusted purchase index rose 4.1%

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Mortgage apps rise despite higher interest rates

Housing Wire

Mortgage applications increased 1.8% 19, despite higher rates, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Regarding refi activity, Kan added that “borrowers continue to lock in mortgages in anticipation of higher rates in the future.” . VA loans consisted of 10.3%

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