Mortgage applications jump 21.7% on refinancing activity

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 · Mortgage applications increased 6.4 percent last week compared to the week before, after falling by a minimal 0.6 percent the week before. The refinance index increased by 9 percent from the previous week. The refinance share of mortgage activity increased to 67 percent of all applications, the highest since June 2013.

The refinance share of mortgage activity accounted for 40.5 percent of all applications. “Mortgage applications increased 2.4 percent last week and were 15.4 percent higher than a year ago, with.

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U.S. mortgage applications edged up last week, led by a jump in requests for refinancing, as home borrowing costs fell to their lowest levels in nearly 17 months on worries about trade tensions.

The refinance share of mortgage activity increased to 47.4 percent of total applications from 40.4 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 9.5.

The Mortgage Bankers Association said its index of mortgage application volume rose 16.4% last week versus the previous week. The surge in activity came as rates. The MBA said refinancing.

 · The refinance share of mortgage activity increased to its highest level since January 2018, 46.8 percent of total applications, from 45.8 percent the previous week, and the adjustable-rate.

 · Weekly Mortgage Applications Jump 9% on Stock Sell-Off.. The refinance share of mortgage activity increased to 59.1 percent of total applications from 55.8 percent the previous week.

Mortgage. both the jump in mortgage rates and tight inventory continue to hold back application activity,” Kan says. “mortgage rates increased over the week for most loan types, with most rates.

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