Mortgage applications tick up 1.6% for week as refis grow

The Market In 5 Minutes.. Bankruptcy for Puerto Rico is looking ever more likely as the clock ticks down toward a May 1. US MBA mortgage market applications 1.5% vs -1.6% prior;.

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While the Fed’s magical money transmission mechanism in mortgages (and thus housing ‘wealth’) broke in the middle of last year, this last week’s move is a perfect summary of the sensitivity of whatever is left of the recovery. Mortgage rates rose a mere 5bps but this triggered a 7% plunge in refinancing activity.

Mortgage activity declined again during the week ended July 27. The Mortgage Bankers Association’s (MBA’s) Market Composite Index, a measure of loan application volume was down for the third.

First Fax is out with its alerts for today, citing important speakers, important news, and key economic data for the trading day. In the report, First Fax writes, "MBA Mortgage applications fell.

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USD MBA Mortgage Applications -4.3% . 11:30:. NY Fed’s GDP Nowcast ticks up to 1.6% for third-quarter By Eren. The EU is ready to grant a Brexit extension as Johnson faces growing criticism.

Mortgage applications tick up 1.6% for week as refis grow Euro HY also started to catch up with spreads 9bps tighter while the STOXX 600 notched up a +0.87% gain. autos were up +1.41% and +1.23% in Europe and the US, respectively, seemingly on the news that China was looking to boost auto purchases this year.

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Mortgage apps rise – and so do refis. According to the Weekly Mortgage Applications Survey, mortgage applications were up 4.1 percent last week. This morning we’ve had last week’s mortgage applications data. Overall apps were -1.6%, but refis were the bulk of that and continue to slide, down over 4% and are down 33% versus a year ago.

Mortgage applications tick up 1.6% for week as refis grow This morning we’ve had the MBA’s application survey numbers from last week: up nearly 3% with refis jumping. are better a tick or two (32nds). Continuing its national expansion, Florida’s Hamilton. Your trusted source for mortgage banking news.

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