MBA: Mortgage apps jump again, rise 9%

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 · Mortgage applications rose 5.5% for the week ending Nov. 23, 2018, according to new data from the Mortgage Bankers Association’s weekly Mortgage Applications Survey. “After.

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“Mortgage rates dropped again for most loan types, which led to an increase in refinance activity, partly driven by a 9% jump in VA applications.

Mortgage. s 10.6% to 9.9%, and the Veterans Affairs’ share of applications remained unchanged from 10.2% the prior week. The Department of Agriculture share of total applications increased to 0.8%.

The refinance share of mortgage activity fell again, continuing to drop past its lowest level since. The adjustable-rate mortgage share of activity decreased to 7% of total applications. The MBA.

 · ”Mortgage rates dropped again for most loan types, which led to an increase in refinance activity, partly driven by a 9% jump in VA applications,” Kan said.

The Mortgage Bankers Association (MBA) released its report on mortgage applications Wednesday. especially if Fed Chair Janet Yellen even hints at a September rise in the Federal Reserve’s policy.

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This was the lowest reading since 296.9 set in the Dec. 26, 2014, week. It also marked the steepest weekly decline in about 13 months. The latest figures did not include adjustments for the Columbus.

"Mortgage rates dropped again for most loan types, which led to an increase in refinance activity, partly driven by a 9% jump in VA applications." The drop spurred more refinance activity, with those applications rising 3% for the week and a striking 92% annually.

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 1.1% in the group’s seasonally adjusted composite index for the week.

Mortgage Applications Increase in Latest MBA Weekly Survey. On an unadjusted basis, the Index increased 9 percent compared with the previous week.. purchase applications jumped 6 percent and refinance applications surged over. The average loan size increased once again to new highs for both .

MBA: Mortgage applications rise thanks to falling mortgage rates – declining mortgage rates. by a 9% jump in VA applications," Kan said. "The 30-year fixed rate has now dropped in three of.. Mortgage Apps Surge in Response to Lower Rates – mortgage applications increased for the.