MBA: Mortgage applications slide 0.6% from last week

NEW YORK (CNNMoney.com) — Mortgage applications fell last week for the third week in a row, even as interest rates edged lower, an industry group said Wednesday. The Mortgage Bankers Association (MBA.

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MBA mortgage applications. mortgage applications were down 0.6% overall as both applications to purchase and refinance were down 1% for the week. However, mortgage applications are now up 7% on the year. The average mortgage rate according to this survey was down one basis point to 4.4% last week. Retail Sales

MBA Mortgage Applications – According to the MBA’s latest weekly survey, recorded mortgage applications dropped 6% since last week. Refinances also saw a decrease, dropping 8% since last week. Bloomberg reports that the slowed mortgage market may be a result of the uptick in interest rates.

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The USDA share of total applications increased to 0.7 percent from 0.6 percent the week prior. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) decreased to 4.96 percent, the lowest level since September 2018, from 5.08 percent, with points increasing to 0.48 from 0.44 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

Mortgage application volume dropped 0.6% last week from the previous week. the uncertainty is resolved," said Joel Kan, an MBA economist. Builders meeting at a conference in Southern California.

Mortgage Bankers Association Annual Conference 2016 - Clara Shih Keynote The week ended April 25 was one of the slowest for mortgage. refinance application activity fell last week, and the market composite index is at its lowest level since December 2000," said Mike.

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Mortgage hunters were not particularly impressed with the latest drop in interest rates. Load Error Mortgage application volume dropped 0.6% last week. an MBA economist. Builders meeting at a.

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications. week ended November 9. The unadjusted purchase index dipped by 1% for the week and was 5% lower year over.

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The Department of Agriculture’s share of total applications remained unchanged from last week’s 0.6%. Mortgage interest rates for 30-year fixed-rate mortgages with conforming loan balances.

Mortgage rates continue to slide. are also now at a level last seen late last year. Refinancings took up a greater share of overall applications — 45.4% of total applications, up from 42.1%.

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