MBA: Refinance once again drives mortgage applications

 · mortgage applications rose for the fifth time in six weeks, as key interest rates fell by 11 basis points and average loan application size at a record for the third straight week, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending March 15.

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"The supply of credit continues to drift higher, driven once again by growth in the conventional credit space, while credit supply in government loans was essentially unchanged from the previous.

“The 30-year mortgage rate remained relatively flat, falling 1 basis point to 3.94 percent and once again hitting a new 2017. index – a measure of total loan application volume – decreased 3.4.

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Declining mortgage rates once again spurred an increase in mortgage applications, according to the Mortgage Bankers Association. On an unadjusted basis, the Market Composite Index rose 1.3% for the.

Purchase index 266.2 vs 272.5 prior Market index 388.7 vs 400.6 prior Refinancing. mortgage rate 4.76% vs 4.75% prior Headline measures the change in number of applications for mortgages backed by.

Mortgage applications fell 2.1 percent from the week before, according to the Mortgage Bankers Association. The trade group found declines for applications amid new historic lows for mortgage rates.

Loan applications to buy a home, though still below 2013’s levels, have meandered higher since earlier this year (see chart), MBA data show. Second, last year’s spike in mortgage rates. standards.

1. home prices Loan increased 2 percent steadily shrinking refinance Electronic medical records system file Home affordable refis diana MBA: Falling mortgage rates propel mortgage applications. – Mortgage applications rose once again for the week ending on March 22 2019, according to the newest data from the Mortgage Bankers Association’s [.]

On an unadjusted basis, the Market Composite Index, a measure of loan application volume, decreased 3% from the previous week. The Refinance. share of mortgage apps held its ground from the prior.

Applications for U.S. home mortgages surged last week, driven by increased demand for refinancing as interest rates hit fresh lows, an industry group said on Wednesday.

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Mortgage application volume increased 1.6% on an adjusted basis during the week ended March 15, as the average rate for a 30-year- fixed-rate mortgage fell to 4.55%, down from 4.64% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey.