In this new report from the MBA, refinance applications continued to increase, albeit slightly. The report showed that the refinance share of mortgage activity increased to 51% percent of total applications from 50.9% in the previous week. The adjustable-rate mortgage share of activity fell to 6.7% of total applications.
Mortgage Applications Increase as Rates Continue to Drop in Latest MBA Weekly Survey. On an unadjusted basis, the Index increased 0.3 percent compared with the previous week. The Refinance Index increased 11 percent from the previous week. The seasonally adjusted Purchase Index increased 5 percent from one week earlier.
Mortgage rates stopped their downward spiral two weeks ago, and it seems homebuyers are taking notice. Total mortgage applications.
After a month of increases, some experts are predicting the rise in mortgage rates may. The S&P is hovering at the highest level ever and mortgage rates are trending lower.” Meanwhile, mortgage.
Airlines continue to delay when they plan to have the planes back again with no sign from. Separately, the Mortgage Bankers Association is out with its weekly look at mortgage applications at 7 a.m.
Here is what Freddie Mac’s Economic and Housing Research Group had to say about mortgage rates this week: "The 30-year fixed-rate mortgage inched higher for the second straight week. Borrowing costs may be slowly on the rise again in coming weeks, as investors remain optimistic about the underlying strength of the economy.
But while a slowing economy typically causes a rise in mortgage. magazine for the reverse mortgage industry, for six years. She graduated magna cum laude from Boston University with a degree in.
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The research reveals a 16% rise in those aged 31-40 making fraudulent mortgage applications; and 13% of British adults believe it is ‘reasonable’ to exaggerate income on a mortgage application. These figures are released as part of the Cifas ‘Faces of Fraud’ campaign, which aims to highlight the fact that what some view as a victimless crime, is illegal and could have serious consequences for those involved.