MBA: mortgage applications down 18.6% last week

Overall, mortgage application volumes for the latest week were down a seasonally adjusted 8.6% from the last week of April, according to the Washington-based MBA’s survey released Wednesday..

 · The MBA mortgage applications index jumped 18.6% for the week ending March 29. The mortgage market exploded with activity last week as the purchase index rose.

WASHINGTON, D.C. (April 3, 2019) – mortgage applications increased 18.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending March 29, 2019. The Market Composite Index, a measure of mortgage loan application volume, increased 18.6 percent on a seasonally adjusted basis from one week earlier.

U.S. Mortgage Applications Fall In Latest Week over Fed Uncertainty MBA: mortgage applications down 18.6% last week – Mortgage application volume continues to decline with a huge drop last week, as interest rates remain on an upward swing and demand for refinancings plummets. The Mortgage Bankers Association said.

Mortgage application volume jumped 5.3% on an adjusted basis during the week ended feb. 22 as the average rate for a 30-year fixed-rate mortgage fell to 4.65%, down from 4.66%, according to the.

NEW YORK (Reuters) – Applications for home mortgages slipped last week as. adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 2.7.

Total mortgage application volume rose 18.6% last week, according to the Mortgage Bankers Association, and 28% from the year before. That gain was largely due to a 39% surge in refinance loan requests. Home purchase mortgage applications only rose 3%. The refinance share of all applications shot up to 47.4%, from 40.4% a week earlier.

FHA Preps Tax Credit for Down Payment Use FHA Loans may soon use the new first-time home buyer tax. – FHA Preps Tax Credit for Down Payment Use–> Home buyers qualifying for Federal Housing Administration-insured mortgages may soon use the new first-time home buyer $8,000 tax credit as a down payment, US Department of Housing and Urban development secretary shaun donovan said today.

The 30-year fixed-rate mortgage (FRM) averaged 4.51 percent for the week ending Jan. 3, according to Freddie Mac, down from last week when. USDA share of total applications decreased to 0.6 percent.

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 4.3% in the group’s seasonally adjusted composite index. That.

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The refinance share of total mortgage activity fell to 55.3 percent of applications from 55.5 percent the week before. Fixed 30-year mortgage rates averaged 4.08 percent in the week, down 3 basis.

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