Mortgage applications to purchase a home jumped 9 percent from the previous week. Purchase volume is down nearly 19 percent in the past four weeks, but August is not usually a strong month for.
The Federal Housing Administration share of mortgage apps slid from last week’s 10.4% to 10.1%, and the of applications fell slightly to 10.1% from 10.4% last week.
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· It wasn’t until mid-February that they turned sharply down: the number of applications to refinance in the week ending February 23 was nearly 10% lower than the same period last year.
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Mortgage rates skyrocketed today, in relative terms.It was the single worst day in nearly 2 years, and among only a few days where effective rates moved more than 0.10%. Typically, mortgage rates.
The Federal Housing Administration share of mortgage apps rose slightly from last week’s 9.7% to 10%, and the Veterans Affairs’ share of applications also rose, increasing from 10.1% the previous week to 11% this week.
September 13, 2017 Comments Off on Mortgage Applications Jump Nearly 10% Posted To: MND NewsWire Homebuyers are clamoring to capitalize on the lowest interest rates in almost a year, driving total mortgage application volume 9.9 percent higher last week.
Mortgage applications increased 10% amid a bond market sell-off. The MBA Applications Index rose 10% after falling 3% the week before. Interestingly, the bond market sold off hard last week, with.
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· Overall refinances accounted for nearly half of all mortgage applications: 47.4%, specifically. For mortgage lender Better.com, the refi surge was even bigger.
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Posted To: MND NewsWire Homebuyers are clamoring to capitalize on the lowest interest rates in almost a year, driving total mortgage application volume 9.9 percent higher last week. The Mortgage Bankers Association’s seasonally adjusted weekly index is still 19 percent lower than the same week last year, due to lower refinance volume.