Mortgage apps drop 3.5%, refis drop 8%

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Homebuying in central southwestern Riverside County communities fell 8.8 percent in a year with the fewest countywide sales since 2014. Key culprits in the slowdown include higher mortgage rates. a.

The Refinance Index dropped 8% from last week, falling to its lowest level since January 2017. The Purchase Index, however, increased 2% from last week to its highest level since September. The.

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The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 1% in the group’s seasonally adjusted composite index. That followed.

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Mortgage apps drop 3.5%, refis drop 8% Refis now at lowest share of apps since April 2010. March 26, 2014. trey garrison. keywords MBA Mortgage Application purchase apps refis.

Mortgage applications dip at end of 2016. To cap off the final few weeks of 2016, mortgage applications fell by 12% from two weeks earlier, according to the Mortgage Bankers Association’s (MBA.

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The adjustable-rate mortgage (ARM) share of activity came in at 6.7% of total applications, the FHA share inched up 0.2% to 10.4%, the VA share of total applications rose to 11.5% from 10.3% the.

Mortgage applications fell by 3.5% from one week earlier on a seasonally-adjusted basis. fell 3% from the previous week. The Refinance Index fell 8% over the same period. The seasonally-adjusted.

Another drop in applications for mortgages — the second in as many weeks. The Mortgage Bankers Association (MBA) reports mortgage applications were down 4.8% in the week ending February 26 from.

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Builder MBA: Mortgage Applications Drop 2.7% Interest rates for 5/1 ARMs rise to the highest level in the history of the survey at 4.09%.

Refis Are 81% Of Mortgage Apps, Rates Drop As Post-Fed MBS. – Refis Are 81% Of Mortgage Apps, Rates Drop As Post-Fed MBS Rally Continues.. Refis Are 81% Of Mortgage Apps This morning we learned, thanks to the MBA, what lock desks already knew: mortgage applications in the U.S. declined last week for a third consecutive time. The weekly index fell 1.4%. Mortgages Refinance Applications Increase As Mortgage Rates Drop Once Again |. from 9.7% last week to 9.4% this week while the FHA share of mortgage activity increased from 7.5% a week ago to 8% this week. The USDA share of mortgage applications decreased from 0.8% last week to 0.6%.