Mortgage applications fall on declining refinance activity

mortgage applications fall to six-week low: MBA; The Washington-based group’s seasonally adjusted index on mortgage activity to buy a home and to refinance one declined 4.3% to 407.2 in week ended April 26, which was the lowest reading since 390.0 in the week of March 15.

Mortgage applications fall again The decline is the fourth in as many weeks. refinance share of mortgage activity down 1.1 percent to 49.0 percent of total applications. The adjustable-rate.

WASHINGTON, D.C. (May 1, 2019) – Mortgage applications decreased 4.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 26, 2019. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.3 percent on a seasonally adjusted basis from one week earlier.

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The start of the fall housing market usually offers a nice bump to the mortgage business. Not this year. Mortgage application volume fell. driving the decline in refinance activity," said Joel Kan.

Mortgage applications decreased 7.1 percent over the week last week with an 8 percent decline in refinance applications contributing largely to the decrease, according to the Mortgage Bankers.

MBA: Refinance applications continue to decline Refi applications fall 1.6% from previous week. March 21, 2018.. The refinance share of mortgage activity fell again, continuing to drop past its.

“As we enter the busy spring home buying season, we are seeing activity tick back up across the board with the 30-year note rate decline,” said Jonathan. sampling of approximately 80% of all.

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The Mortgage Bankers Association reported today that applications. last week’s decline was led by a fall in purchase-money mortgages — that is, home loans related to the purchase of a house as.

The Washington-based industry group said its seasonally adjusted barometer on requests for loans to buy a home and to refinance. year mortgage rates bucked the trend, dipping to 4.12 percent from 4.

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Mortgage Applications Rise as Loan Rates Fall; The Washington-based group’s seasonally adjusted index on mortgage activity increased 1.3% to 518.7 in the week ended june 21, propelled by a 3.2% rise in refinancing activity.

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As Mortgage Rates Fall, Refinancing Activity Jumps. By. Amey Stone.. mortgage applications jumped. Applications for a new mortgage rose by 3.3% for the week ending September 1.. As Mortgage.