The Market Composite Index, a measure of mortgage loan application volume, increased 1.3% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 1.4%.
The number of mortgage applications filed in the U.S. last week rose 1.3% from the prior week, the Mortgage Bankers Association said Wednesday, as refinance activity also picked up. The refinance.
Coverage: – Mortgage Applications Down 1.3% – Mortgage Fraud Risk Dips Below Post-Crisis High Visit: http://themreport.com for full coverage of these stories and more.
improved strongly in February and the volume of mortgage applications for home purchase rebounded as well. It appears that the negative impact of a colder March may be limited. Altogether, we forecast.
Market update: Existing home sales increase 1.3%, inventory increases May 22, 2014 The National Association of Realtors reported a 1.3% increase in existing home sales in April, with months’ supply increasing to 5.9 months, the highest level since August 2012.
This week mortgage applications increased 1.3% compared to last week while mortgage rates have only increased slightly, remaining at very similar rates as last week. While waiting for the outcome of the federal government shutdown, mortgage rates have remained very steady, despite the uncertainty.
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Figure 5: Housing Starts Significantly Lower Than Historical Averages Sources: U.S. Census Bureau and New Constructs, LLC The National Association of Home Builders expects single family housing starts.
The fall in rates led to an increase in refinancing activity, partly driven by a 9% surge in VA applications. Following the fall in the week of 21 st June, mortgage rates were at the lowest level.
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Today’s busy calendar kicked off with MBA mortgage applications for the week ending June 22. Pending home sales in May at 10AM ET are seen increasing 0.7% mom after falling 1.3% in April. We also.
As a whole, the refinance share of mortgage activity increased to 59.8% of total applications from 59.7% the previous week, while the adjustable-rate mortgage (ARM) share of activity decreased to.
Mortgage applications were up 1.3% overall last week, despite purchase applications being down 1% as refinance applications rose 3%. This momentum is mostly being driven by favorable rates as the average rate for a 30-year conventional mortgage was down eight basis points to 4.06%, according to this index.