Mortgage apps drop for 4th consecutive week
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“Mortgage rates fell for the fourth consecutive week and continued the medium-term trend of lower rates since late 2018,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “The drop in.
Mortgage application volume decreased for fourth consecutive week, falling 4.3% despite a drop in the average rate for a 30-year fixed rate mortgage to 4.42% from 4.46%, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. For the week ended april 26, applications for refinances decreased 5% while applications for purchases fell 4%.
The USDA share of total applications was unchanged from 0.7 percent for the fourth consecutive week. Contract mortgage rates all increased but effective rates varied slightly. The average contract.
Mortgage apps drop for 5th straight week. homenews.. mortgage application volume declined for the fifth consecutive week during the period ending August 10 as refinance applications increased.
. share of mortgage activity increased to 65% of total applications from 63% the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 4.9% of total applications. The FHA.
Mortgage Rates Remain Stable July 11, 2019. The recent stabilization in mortgage rates reflects modestly improving U.S. economic data and a more accommodative tone from the Federal Reserve to respond to the rising downside economic risk from trade tensions and soft global economic data.
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Long-term mortgage rates fell for the fourth consecutive week, amid weaker housing data, with 30-year rates falling to a two-and-a-half month low. Freddie Mac says 30-year fixed-rate mortgages.
The Mortgage. week. The Refinance Index decreased 1.4 percent from the previous week and the seasonally adjusted Purchase index decreased 4.7 percent from one week earlier. The seasonally adjusted.
“The 10-year Treasury yield fell 6 basis points this week amid concerns over lagging inflation,” said Sean Becketti, chief economist at Freddie Mac. “The 30-year mortgage rate also declined for the.
Mortgage applications. This is the third consecutive weekly decrease for the 30-year contract rate. The effective rate also decreased from last week. The average contract interest rate for 15-year.
Refinance Applications Drop for Sixth Consecutive Week Mar 28, 2012 WASHINGTON, D.C. (March 28, 2012) – Mortgage applications decreased 2.7 percent from one week earlier , according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 23, 2012.