MBA: Refinance once again drives mortgage applications

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 15, 2019.. The Refinance Index increased 4 percent from the previous week.

Mortgage interest rates once again rose on four of five types of loans the MBA tracks. On an unadjusted basis, the MBA’s composite index fell by 5% week over week.

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22 hours ago. The benchmark rate is at 2.35 percent, the highest its been in more. If they are worried about the economy, their concerns can drive rates down.. “Mortgage applications were down slightly, even after adjusting for. refinance applications over the week,” Joel Kan, an MBA economist, said in a statement.

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The Mortgage Bankers Association (MBA) credited a strong start to the spring buying season for a big gain in mortgage applications during. The average loan size increased once again to new highs.

I’ve always found it really interesting that interest rates on student loans are not tied to the student’s grades or degree program. This is most certainly because of the government’s involvement in the market, but it still seems crazy to me that a student who is getting C’s as a communications major can obtain credit at the same rate as one who is pulling A’s in an engineering degree.

Separately, the Mortgage Bankers Association’s (MBA. of total applications remained unchanged from 0.6 percent. “Mortgage rates declined once again, as concerns about the slowing global economy and.

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Refinancing accounted for over half of all mortgage applications from mid 2009 to early 2011, according to Smart Money. In April 2013, refinancing was consistently around 75 percent of all mortgage applications, according to the Mortgage Banker Association (MBA) weekly survey.

Once again, talk ensued about how housing has really turned a corner and will be the fuel necessary to drive the economic recovery. has been pretty much left out in the cold. Mortgage applications.

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 · U.S. mortgage applications for buying or refinancing a home climbed to a two-month high last week, as home borrowing costs fell to their lowest in over a year, data from the Mortgage.