Mortgage applications jump 21.7% on refinancing activity

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Mortgage applications jump:. its seasonally adjusted index of mortgage application activity increased 7.3 percent to 706.4 in the week ended Jan. 28, after decreasing 3.6 percent in the MBA’s.

June 18, 2019. By Beth Pinsker. NEW YORK (Reuters) – Mortgage rates are nearing historic lows again in the United States, making it an ideal time to buy a home – or refinance.

The refinance share of mortgage activity. mortgage application activity was on the decline, while homeowner perceptions of their residential property values improved, according to two new data reports. The Mortgage Bankers Association (MBA) reported that its Market Composite Index decreased 2.4 percent on a seasonally adjusted basis from.

. week but were still 4% lower than two weeks ago – a sign that both the jump in mortgage rates and tight inventory continue to hold back application activity.” The refinance share of mortgage.

 · Home loan applications for mortgage refinancing increased for the first time since late August, as borrowers sought to take advantage of the lowest market interest rates.

The refinance share of mortgage activity accounted for 51.5 percent of all applications. “Mortgage rates fell again for most loan types, leading to a 3 percent weekly increase in refinances and a 92.

Mortgage Applications Jump in MBA Weekly Survey .. The refinance share of mortgage activity increased to 49.8 percent of total applications from 42.2 percent the previous week. The seasonally adjusted Purchase Index increased by 10 percent from one week earlier. The unadjusted Purchase Index.

The refinance share of mortgage activity increased to 69 percent of total applications from 68 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 7 percent of.

The Mortgage Bankers Association (MBA) reported this morning that mortgage applications for last week increased by a seasonally adjusted 16.9% from the previous week. The unadjusted increase jumped by.

A new report is posted every Wednesday with the previous week’s market activity. The MBA’s loan application survey covers over 50% of all U.S. residential mortgage loan applications taken by.

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According to the MBA, mortgage activity was lower in spite of rates falling across the board in the week. Refinance activity was also lower, though government refinance applications were on the rise,