MBA: Refinance once again drives mortgage applications

 · Mortgage applications set a record for the third straight week. total mortgage application volume rose 1.6 percent last week from the previous week, according to the Mortgage Bankers Association’s.

MBA – mortgage applications up.. last week, as renewed turmoil in Europe once again led to a flight to quality, and 30-year mortgage rates dropped to their. consecutive weeks of decline, the refinance share of mortgage activity increased to 78.6% of total applications from 77.1% the

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"Mortgage rates declined once again last week, as concerns about the slowing global economy and status of Brexit continued to drive investors’ demand for U.S. Treasurys, ultimately pushing yields.

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Building on the huge momentum two weeks ago, mortgage application volume jumped further last week, up 14.2 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association (MBA).

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Mortgage applications rose. level in over a month, and once again there was an increase in average refinance loan sizes, as borrowers with larger balances responded accordingly to lower rates,”.

From the MBA: Mortgage Applications Increase in Latest MBA Weekly survey mortgage applications increased 8.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (mba) weekly mortgage applications survey for the week ending March 22, 2019.. The Refinance Index increased 12 percent from the previous week.

 · "Mortgage rates declined once again last week, as concerns about the slowing global economy and status of Brexit continued to drive investors’.

On an unadjusted basis, the Mortgage Composite index increased 1.6% from the previous week. “As a result of these recent rate declines, we saw another weekly increase in refinance applications. to.

 · Mortgage interest rates on FHA loans are comparable to rates on conventional loans, based on data from the Mortgage Bankers Association (MBA). The average rate for a 30-year fixed-rate FHA loan clocked in at 4.97% and the 30-year fixed conventional loan rate averaged 4.96% for the week ending Dec. 7, 2018, according to the MBA’s weekly.