MBA: New home purchase mortgage apps rise 5%

The mortgage bankers association (mba) reported that. Record-Low Mortgage Rates Spur Refi Activity – TheStreet – Record-Low Mortgage Rates Spur Refi Activity. New-home purchase loan applications decreased by 8.3% from the prior week and were 37.1% lower than in the year-earlier week.

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As a whole, mortgage applications increased 1.5% from one week earlier. Here’s how the rest of the data came in. MBA: Despite flat mortgage apps, purchase loan size reaches new high | 2017-04-12.

Mortgage applications for new home purchases edged up by 5% in April from the revised March pace of 400,000 units, according to the Mortgage Bankers Association’s Builder Application Survey.

With the holidays behind them – and a slight drop in interest rates – home shoppers got motivated again during the first full week of 2014. According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, mortgage applications increased 11.9% for the week ending Jan. 10, compared to one week earlier.

The advance was led by a 4.5% gain in the West, while the Midwest posted a 1.2% increase. The Northeast slid 0.4%, while the South was down 1.4%. Economists consider pending-home sales a leading indicator because they track contract signings; purchases of existing homes are tabulated when a deal closes, typically a month or two later.

30-Second Update: Pending Home Sales rise/mortgage rates hit 2 ½ Year Low. The Pending Home Sales Index, which is a forward-looking indicator based on home contract signings, increased 1.1% to 105.4 in May, up from April’s 104.3. Pending home sales in the northeast rose 3.5% to a 92 reading.

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Builder MBA: Mortgage Applications Rise 4.9%, Interest Rates Still Rising Average contract interest rates for jumbo loans and loans backed by the FHA both rose above 5% this week.