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Tag Archives: Purchase

Mortgage Apps on the Rise

Strong economic fundamentals and a growth in jobs were complemented by a rise in the number of people buying homes at the beginning of 2018 according to data ...

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Realtors Examine Impact of Tax Bill

A survey found that homebuyers are anxious to know the effects of the Tax Cuts and Jobs Act, which some say may put upward pressure on home prices and mortgage rates on account of higher after-tax income.

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Mortgage Applications Slip Further

Mortgage applications continued to backslide last week, though not as quickly as before, the Mortgage Bankers Association (MBA) reported. The group's Market Composite Index, a measure of loan application volumes, fell 1.0 percent on a seasonally adjusted basis for the week ending June 20. The decline brings application levels back down to their lowest in two months.

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Refinance Activity Lifts Mortgage Apps in Latest Index

The Mortgage Bankers Association (MBA) released on Wednesday its Weekly Mortgage Applications Survey, reporting a 4.3 percent improvement in loan application volume for the week ending April 11. The headline index was boosted by a 7 percent gain in MBA’s measure of refinance applications, which has been weak over the past few weeks as rising mortgage rates drain the pool of remaining potential refinances.

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Purchase Volumes Fail to Lift March Mortgage Applications

Compiling weekly survey results from the Mortgage Bankers Association (MBA), macroeconomic research firm Capital Economics calculated a 2.9 percent drop in total application volume in March following a meek 0.1 percent increase in February. On the home purchase side, applications came up an estimated 2.7 percent over March (1 percent in the final week) but remained down 16.8 percent year-over-year.

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