Home >> Tag Archives: Mortgage Applications (page 33)

Tag Archives: Mortgage Applications

Mortgage Applications Top Off at 4.1%: MBA

Mortgage application volume leapt to 4.1 percent from the week before on the strength of a boom in refinance applications, according to the Mortgage Bankers Association. The trade group released its data in a Weekly Mortgage Applications Survey for the week. The MBA├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós Market Composite Index noted a 4.2-percent increase on a seasonally unadjusted basis from the week before, with 9.3 percent for the Refinance Index and 8.2 percent in declines for the seasonally adjusted Purchase Index.

Read More »

Mortgage Applications Jump 12.8% on Low Rates

application

Low interest rates for mortgage loans drove up mortgage application volume 12.8 percent on a seasonally adjusted basis from the week before. The Mortgage Bankers Association reported the latest figures in a weekly survey released Wednesday. Mortgage applications shot up 60.2 percent on an unadjusted basis in contrast with figures from the previous week. The Refinance Index climbed 15.3 percent from the week before, as the Purchase Index ticked up 8.3 percent on a seasonally adjusted basis.

Read More »

Mortgage Application Volume Plummets 10%: MBA

With homeowners largely staying on the sidelines, mortgage application volume underwent a seasonally adjusted 10-percent squeeze last week, according to the Mortgage Bankers Association. In releasing the Weekly Mortgage Applications Survey, the trade group found that declines overwhelmingly led most of the survey components. The MBA found the Market Composite Index declining by 19.6 percent on a seasonally unadjusted basis from the week before.

Read More »

Fixed-Rate Mortgages Still Popular with Consumers: Freddie

application

Fixed-rate mortgages remained largely popular with consumers over the third quarter, according to Freddie Mac, despite the willingness by some lawmakers and policymakers to part ways with the loan product. The GSE found that more refinancing borrowers opted to contract their mortgage terms over the course of the second quarter. Forty percent of borrowers with a 30-year fixed-rate mortgage exchanged their old products for 15- and 20-year mortgages, topping off the most such since 2003, Freddie found.

Read More »

Mortgage Applications Surge Forward by 10.3%

More refinance loan applications inspired a 10.3-percent leap forward in mortgage applications last week, according to the Mortgage Bankers Association. The MBA released a weekly survey responsible for tracking mortgage application volume. The surge in mortgage loan application volume follows a shortfall in contract interest rates on average for fixed-rate mortgages, with the 30-year loan seeing a drop from 4.31 percent the week before to 4.22 percent last week.

Read More »

Zillow: Homebuyers Setting Unrealistic Expectations

A new survey from Zillow: reveals that prospective homebuyers may have an overly optimistic view when it comes to their expectations related to property appreciation and housing value. In the website├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós recent poll, more than 42 percent of those that plan on purchasing a home in the near future said they anticipated a 7 percent annual increase in their property value during their ownership period.

Read More »

Mortgage Applications Inch Forward Amid Market Uncertainty

application

As mortgage rates rose, then fell on a debt deal in Europe, mortgage application volume also crept forward last week, with the uncertain economy and high unemployment forcing homeowners to stay on the sidelines. In releasing a weekly survey, the Mortgage Bankers Association found mortgage applications on a seasonally adjusted curve upward to 0.2 percent from the week before. Refinance activity fell on the whole as purchases, still near historic lows, remained overwhelmingly near bottom, the MBA said.

Read More »

Debate Still Rages Over CFPB After First 100 Days

The feud between lawmakers over the Consumer Financial Protection Bureau dragged on Wednesday, as de facto acting director Raj Date defended the struggling agency to Republican House members and the role of the Dodd-Frank Act in financial regulation. Republicans advanced their critiques by highlighting the apparent power of the CFPB director and more compliance workload for financial institutions. Democratic lawmakers played their part by praising the bureau. At other times lawmakers ratcheted up the rhetoric.

Read More »

Big Four Release Earnings, Citing Economy, Litigation

Litigation fees, bold restructuring moves, and new regulation helped shape earnings figures over the third quarter for the nation's largest lenders and financial institutions in October. Along with numerous other banking holding companies and investment firms, Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo released their reports to the media and investors over the past two weeks. The results: more mortgage lenders continue to exit the business, while financial institutions stepped up the public debate against onerous regulations.

Read More »