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Tag Archives: Mortgage Applications

Mortgage Activity Increases as Rates Find New Lows

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More consumers are applying for a mortgage - on both the refinance and homebuying fronts - and taking advantage of exceptionally low borrowing costs. The Mortgage Bankers Association says its composite measurement of total mortgage application volume rose 2.8 percent last week as all fixed-rate loan products posted their lowest average rates in the history of the trade group's survey. With mortgage rates resuming their fall, housing affordability remains extremely high even as home values head higher across much of the country.

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Mortgage Rates Set New Lows as Economy Tilts Here, There

A decline in interest by homebuyers shaved just 0.2 percent off mortgage applications last week, with refinance activity climbing. The Mortgage Bankers Association, which unveils the figures in a weekly survey, found application volume upward-bound by 24 percent on a seasonally unadjusted basis. Refinance applications started to swell last week. The Refinance Index went up 1 percent, with the refinance share of mortgage activity cresting at 81 percent of total applications, up from 80 percent last week.

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Mortgage Applications Soar as Interest Rates Fall

Mortgage applications shot up 11.1 percent from the week before, according to the Mortgage Bankers Association. The trade group found that mortgage loan volume fell by 12 percent on a seasonally unadjusted basis from the week before. According to their indices, refinance volume and purchases went up 12 percent and 8 percent, respectively. Purchases fell more than 15 percent on an unadjusted basis, although it stayed 7 percent higher than figures seen at the same time last year.

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Mortgage Applications Fall 2.5% as Refinances Steady: MBA

Mortgage applications fell 2.5 percent last week, according to the Mortgage Bankers Association. The trade group found application volume declining by 3 percent on a seasonally unadjusted basis. Purchases fell 0.8 percent from the week before and 3 percent on a seasonally unadjusted basis. The refinance share of mortgage activity stayed the same from last week, hovering at 79 percent, with the adjustable-rate mortgage share of activity ticking up to 5 percent of total volume. Interest rates for fixed-rate mortgages by and large fell with volume.

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Mortgage Applications Decline 4.5% as Rates Hold Steady

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Mortgage applications decreased 4.5 percent over the week last week with most of the decrease occurring among refinance applications, according to the latest survey from the Mortgage Bankers Association. Refinance activity fell 5 percent compared to the previous week, while purchase activity declined 2 percent. Refinance applications continue to make up a majority of applications, taking an 81 percent share of total mortgage application activity for the week ending August 10. Adjustable-rate mortgages made up 4 percent of total applications for the week.

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