MBA: mortgage applications down 18.6% last week

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MBA Washington Report- Monday, April 29, 2019 “Mortgage rates were lower last week. and VA loan applications, which typically lag the movement of conventional loans.” The refinance share of mortgage activity fell to 38.8% of total applications.

The refinance share of mortgage activity decreased to 39% of total applications, down from. steady at 10% from last week. The Department of Agriculture share of total applications increased to 0.8%.

Purchase applications are now up more than 13% compared to last year at this time." The refinance share of mortgage activity fell to 44.1% of total applications, down from 47.4% the previous week.

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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.

Mortgage applications. mortgage rates low last week. Even with lower rates on three of the five surveyed loan types, refinance activity fell 6%, essentially reversing an 8 percent increase the week.

NEW YORK (Reuters) – Applications for U.S. home mortgages rose last week. They were down 9 basis points from 3.99 percent the previous week. The survey covers over 75 percent of U.S. retail.

NEW YORK (Reuters) – U.S. mortgage applications decreased last week, led by a drop in loan requests to buy a home, as some home borrowing costs climbed to their highest level in a month, the.

Mortgage applications down more than 4% last week.. There was a decrease in mortgage applications in the week ending April 26 compared to the previous week. The Mortgage Bankers Association’s.

Mortgage applications decreased 2.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending July 6. The week’s results include an adjustment for the independence day holiday. The MBA’s market composite index decreased 2.1% on a seasonally adjusted basis from one week earlier.

Refinancings grew to 47.4% of total mortgage applications last week from 40.4% a week earlier, MBA data showed. existing homeowners with more expensive homes filed more refinancing applications.

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The Refinance Index increased 1% from the previous week. However, the Purchase Index remained unchanged from last week. The refinance share of mortgage activity decreased to 46.4% of total.

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Mortgage application. 0.5 percent. “Application activity fell last week-even with rates decreasing-as renewed uncertainty about the domestic and global economy likely held potential homebuyers off.