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CNBC’s Diana Olick reports on the latest mortgage application data. Skip navigation. Mortgage application volume rises, driven by refinances. Should I refinance my mortgage? – Duration: 19.
Mortgage application volume declined during the week ended May 24, more than reversing a 2.4 percent increase a week earlier. Both refinancing and purchase. 1990=100 and interest rate information.
Total mortgage application volume in the US dropped 0.9 percent in the week ended August 16th, after a 21.7 percent jump in the previous period, data from the Mortgage Bankers Association showed. Refinances rose just 0.4 percent as the average contract interest rate for 30-year fixed-rate mortgages was little changed at 3.90 percent.
The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage application volume. refinance index has increased more than 50 percent, reaching its highest level.
Rise in Mortgage Applications Driven by refinances mortgage application volume moved higher last week, and it was refinances that drove the increase. Building on the huge momentum two weeks ago, mortgage. volume is now 41 percent higher than it was one year ago, though still low by historical comparisons. Unlike the previous week, however, this.
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Mortgage Delinquency Skyrockets Thirty-day delinquency jumped last month more than it has in a decade. But the level of foreclosures is now lower than before the recession. Rise in Mortgage Applications Driven by Refinances Mortgage application volume moved higher last week, and it was refinances that drove the increase.
Rise in Mortgage Applications Driven by Refinances. Home NTXAMP News Rise in Mortgage Applications Driven by Refinances . 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.
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The number of mortgage applications dipped significantly in the fourth. Demand for refinances also fell 31 percent, according to the report.. lower mortgage- banking earnings, driven both by lower volume and a decline in profit margins.. Bond yields and mortgage rates have been steadily rising since.
"Mortgage applications were down last week, even as rates moved lower across the board, with the 30-year fixed rate at 4.08 percent. Refinance activity was lower, but we did see government refinance applications increase, driven solely by a 12 percent rise in FHA applications," said Joel Kan, MBA’s Associate Vice President of Economic and.