The number of mortgage applications from prospective homebuyers declined for the week ending Feb. 4, along with the share of refinance applications, following the rise in mortgage interest rates. The Mortgage Bankers Association’s (MBA) Market Composite Index, which measures the volume of mortgage applications, fell by 8.1 percent from a week earlier on a seasonally…
Mortgage Demand Falls, Cost of Buying a Home Surge With Record Low Levels of Supply
Mortgage Demand Falls, Cost of Buying a Home Surges With Record Low Levels of Supply
The number of mortgage applications from prospective homebuyers declined for the week ending Feb. 4, along with the share of refinance applications, following the rise in mortgage interest rates. The Mortgage Bankers Association’s (MBA) Market Composite Index, which measures the volume of mortgage applications, fell by 8.1 percent from a week earlier on a seasonally…
Strong Government Refinancing Results in Mortgage Applications Increasing: MBA
Mortgage applications increased two percent compared to a week earlier driven mainly by an increase in government refinancing, according to data collected from a Mortgage Bankers Association’s (MBA) survey collected for the week ending Dec. 3. The surge was primarily due to the refinance index increasing nine percent from the prior week on a seasonally…
Mortgage Demand Drops to Two-Month Low: Mortgage Bankers Association
The number of applications for home mortgages dropped last week to the lowest level since mid-July, dampened by a decline in refinancing activity and, to a lesser extent, reduced purchase applications, according to the Mortgage Bankers Association (MBA). Total mortgage application volume fell 1.9 percent last week from the week prior, according to MBA’s composite index…
Mortgage Demand Drops to 2-Month Low: Mortgage Bankers Association
The number of applications for home mortgages dropped last week to the lowest level since mid-July, dampened by a decline in refinancing activity and, to a lesser extent, reduced purchase applications, according to the Mortgage Bankers Association (MBA). Total mortgage application volume fell 1.9 percent last week from the week prior, according to MBA’s composite index…
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