US MBA mortgage data for w-e 16 June – applications 0.6% vs 2.8% prev – purchase index 252.1 vs 254.6 prev – ref index 1526.8 – 30 year rate 4.13% as prev Data published a short while ago while I.
MBA Mortgage Applications. Riding a wave of lower interest rates, overall mortgage applications were up 18.6% last week as refinance applications rose an astonishing 39%. There’s good reason for this. The average interest rate was down 11 points to 4.36% for a 30-year fixed conforming mortgage.
· MBA Mortgage Applications – Another Week Of Growth For MBA Applications. The MBA mortgage applications report is the most recent data on housing. For the past 2 weeks the composite has been increasing as interest rates have fallen. It would be interesting if the main reason housing has been weak this year is because of rising interest rates.
The adjustable-rate mortgage (ARM) share rose to 6.5% of applications. The FHA share rose to 9.6% from 9.4%, the VA share rose to 12.5% from 11.9%, and the USDA share rose to 0.6% from 0.5%.
. Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 2.9% in the group’s seasonally adjusted composite index for the week ending May 25..
Mortgage applications. USDA share fell to 0.6% from 0.7%. “Mortgage rates were little changed last week, but as we anticipated, homebuyers are responding favorably to this more stable rate.
Mortgage Applications Decrease in Latest MBA Weekly Survey. of total applications decreased to 0.5 percent from 0.6 percent the week prior.
Mortgage. total applications, down from 44.1% the previous week. The adjustable-rate mortgage (ARM) share fell to 6.6%. The FHA share fell to 9.4% from 9.6%, the VA share rose to 11.6% from 11.1%,
Moody’s: HFA single-family bond financing will increase Moody’s outlook for US state housing finance agency sector is stable. The outlook expresses our expectations for the fundamental credit conditions in the sector over the next 12 to 18 months.1 We have revised our sector outlook to stable from negative as HFAs have diversified their business modelsto address their loan financing challenges .
Mortgage applications on the rise again – The Mortgage Bankers Association reports applications edged up 0.6% last week on a seasonally adjusted basis. The Refinance Index. The Refinance Index. Meanwhile rose 2% to its highest level since November 2016..
· Mortgage applications rose 0.6% last week as purchases fell 1% and refis rose 2%. The average 30 year fixed rate mortgage was flat at 4.13%. The share of refis rose to 46.6% from 45.4%.
“Mortgage rates inched back up last week, but remain substantially lower than they were in the second half of last year,” says Mike Fratantoni, MBA’s senior vice president. and the USDA share.
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