Mortgage Applications Surge on Lower Rates

Mortgage applications jumped 8.9 percent last week from the previous week and 5.7 percent from a year earlier, according to the Mortgage Bankers Association’s seasonally adjusted report. Both refinance and purchase applications surged, but the more rate-sensitive refis were the real leader.

Are mortgage. forecasting. “Rates increased for the first time since the week of July 12, but were still 80 basis points.

The Mortgage Bankers Association (MBA) released its report on mortgage applications Wednesday. While it’s true that rates like this have been fleeting in the past, the longer term trends remain.

Mortgage rates dropped to the lowest level in more than a year last week, establishing a new normal in housing affordability.. Weekly mortgage applications surge nearly 9% on lower rates

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The volume of applications for refinancing mortgages has more. If banks and finance companies were hiring more, mortgage.

Mortgage applications jumped 8.9 percent last week from the previous week and 5.7 percent from a year earlier, according to the Mortgage Bankers Association’s seasonally adjusted report. Both refinance and purchase applications surged, but the more rate-sensitive refis were the real leader.

Mortgage applications increased 9.9% last week from a week earlier, according the Mortgage Bankers Association’s (mba) weekly mortgage Applications Survey for the week ending September 8, 2017. This.

 · CNBC’s Diana Olick reports on newly released mortgage application data. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘M.

The refinance share of applications increased to 66.3 percent from 65.3 percent the previous week, but remained significantly lower than the peak of 85.3 percent in the week to January 9. The.

The NerdWallet Mortgage Rate Index compiles annual percentage rates – lender interest rates plus fees – the most accurate way for consumers to compare rates. Here are today’s average rates for the.

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Mortgage applications increased for the second week as interest rates again ticked lower at well under 5 percent. The Mortgage Bankers Association said its Market Composite Index, a measure of.

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Mortgage applications tank 7.1% as interest rates surge Mortgage rates are on an absolute tear. In the past 2 days, they’ve rocketed a full eighth of a point lower. They’re a full quarter point lower than the average rates available in 2nd half of December.