Mortgage applications down 2.3% led by drop in purchases

Drop in April home resales shows persistent inventory woes. Drop in April home resales shows persistent inventory woes Published. May 24 2017, 3:05pm EDT;. One of the hardest financial parts of buying a new home is coming up with the initial down payment on the mortgage loan.

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The index of pending home sales rose 4.6%, after a 2.3% decline the previous month, according to data released Wednesday from the National Association of Realtors in Washington. That compared with the median projection of analysts for an increase of 1%. The gauge was down 3.2% from a year earlier.

It’s been a weak time for mortgage applications despite news last week from MBA that new home purchases were up 17% in March.. Mortgage applications down 2.3% led by drop in purchases.

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MBA Mortgage Applications. Helped no doubt by the fact that mortgage rates were lower – the average rate on a 30-year fixed conforming loan last week was down three basis points to 4.64% in this report – overall mortgage applications were up 2.3%. Purchase applications were up 4% and refinance applications fell 0.2% on the week.

Why mortgage applications are declined and what to do next If your mortgage application gets declined, there are a number of things you can do to improve your chances of getting approved next time. Don’t rush off to another lender as each application could show up on your credit file.

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Stats from UK Finance this morning show that mortgage lending reached 20.5bn in March 2018 – 11.83bn by high street banks – which was 2.3% lower than the same period last year. However the figure represented an 8.3% increase on February. Ahead of Swiss Re’s Term & Health report, Ron Wheatcroft.

SunTrust earnings rise in first quarter BB&T Corp. posted stronger-than-expected first quarter earnings Thursday following its billion merger with SunTrust Banks earlier this year that created the country’s sixth-largest lender.Private sector gains 130,000 jobs in October Nomura and RBS await judge ruling on FHFA mortgage lawsuit The award stemmed from a lawsuit brought against Nomura and RBS by the Federal Housing Finance Agency in 2011. The FHFA has acted as conservator of mortgage agencies fannie mae and Freddie Mac.The views expressed are those of the author, Garth Turner, a Raymond James Financial Advisor, and not necessarily those of Raymond James Ltd. It is provided as a general source of information only and should not be considered to be personal investment advice or a solicitation to buy or sell securities.

Stocks Tumble On Trump Woes; Dow Down 250 Points. gapped down 2.3%, while Boeing gapped down 1. the Mortgage Bankers Association reported its mortgage applications index decreased 4.1% from.

MBA: Mortgage applications post slight decline | 2017-08-02. – The weekly mortgage applications survey covers over 75% of all U.S. retail residential mortgage applications Broken up, both refinance applications and purchase applications posted a drop in demand.

How to pay off a 30 year home mortgage in 5-7 years MBA: Mortgage Applications Drop 5.8% | Builder Magazine. – Mortgage applications fell 5.8% on a seasonally-adjusted basis from one week earlier for the week ending December 14th, 2018, according to data from the Mortgage Bankers Association’s (MBA.