Mortgage Applications On The Rise Again » Mortgage Masters Group

Mortgage Loan Rates on the Rise Again. By Paul. (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 1.1% in the group’s seasonally adjusted.

Homebuilder sentiment, mortgage applications rise on low mortgage rates 10:36 AM ET Thu, 15 Aug 2019 CNBC’s Rick Santelli and Diana Olick report on new economic data on business inventories.

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According to the MBA’s data, mortgage applications fell by 1.4% week-over-week. In contrast, the Refinance Index moved up again and is 84% higher than it was a year ago at this time. "While purchase activity was still up 6% from a year ago, the index has now decreased for three straight weeks and reached its lowest point since March.

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Mortgage rates have once again edged higher. The average rate on Tuesday for the benchmark 30-year fixed mortgage is 3.7%% while the average execution rate for a 15-year fixed loan is 3.04%. Rates have moved higher as oil and stock prices climbed from the lows on Friday. Bank of America Mortgage Rates The best rate [.]

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Mortgage Applications On The Rise Again mortgage masters. Mortgage applications volume rose on the same week that global interest rates hiked. In its latest report, Mortgage Bankers Association ‘s Weekly Mortgage Applications Survey reported an overall increase of 1.4 percent in total mortgage applications from the week prior.

The volume of applications from blacks declined from 1.1 million, or 5%, of applications, in 2005 – a peak year for applications overall – to just 132,000, or less than 4%, in 2015 . Mortgages for Millennials. Millennials, born between 1981 and 1997, are an important demographic group for today’s mortgage lenders and housing markets.