MBA: mortgage applications down 18.6% last week

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 · Weekly applications for mortgage loans jumped by 26% last week, led by a 47% jump in refinancing mortgages.. The mba purchase index, a useful leading indicator of.

 · The mortgage bankers association (MBA) reported that mortgage loan application volume rose 18.6% for the week ended March 29, compared to the previous week. Its Refinance Index was up 39.0% from the previous week, and was at its highest level since November 2016.

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According to the MBA, last week’s average mortgage loan rate for a conforming 30-year fixed-rate mortgage decreased from 4.45% to 4.36%. The rate for a jumbo 30.

 · The Market Composite Index, a measure of mortgage loan application volume, increased 18.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 18 percent compared with the previous week.

Mortgage application volume increased an impressive 18.6% on an. to the Mortgage Bankers Association's (mba) weekly applications Survey.. to help lift purchase activity this year, and the further decline in rates is.

Housing troubles continue drag on economy More Americans confident they can get mortgages mba: mortgage applications down 18.6% last week Mortgage applications rose by 18.6% on. 4.36%, down from 4.45% the previous week. Points for 80% loan-to.

Mortgage applications fell 3.8 percent from the week earlier, according to the Mortgage Bankers Association. The trade group found that application volume waned by 3.3 percent on a seasonally.

Applications for U.S. home mortgages fell last week as refinancing slipped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage.

“After several weeks of market volatility, 30-year fixed mortgage rates decreased four basis points to 5.12% last week,” mba chief economist mike fratantoni. activity fell to 37.9% of total.

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"In a week of mixed mortgage rate movements across the various loan types, the 30-year fixed rate finished slightly higher than last week, but was still close to lows last seen in 2016," said Joel Kan, an MBA economist. Mortgage applications to purchase a home were up 1% for the week and 10% higher compared with the same week one year ago.

Fed minutes: “Housing sector generally remained slow” The pace of activity in the housing sector generally remained slow. Both starts and permits of new single-family homes increased only a little, on balance, in October and November. Starts of multifamily units declined, on net, over the past two months. Sales of new and existing homes rose modestly in October.

According to MBA's weekly Mortgage Applications Survey, on an. straight decline in mortgage rates, refinance applications decreased for the.