Mortgage application volume slows as summer ends

Freddie Mac Says News Rates May Slow Down Mortgage Market December 16, 2016 By Chris Hamler Mortgage giant Freddie Mac sees a slowing down of mortgage activity in the coming year, thanks to the recent hike in mortgage interest rates, in its recently published monthly Outlook.

Mortgage app volume increases as refi share slips.. mortgage application volume increased during the week ending Jan. 19, while refinances recorded a decline in their share of overall activity.

As the Bulls lose to the Cavs in summer league, trade interest in Kris Dunn shows a pulse. U.S. mortgage rates fell to 4.35 percent for a 30-year fixed-rate mortgage, data, which was a soft spot in the economy at the end of last year.. loan application volume – increased 3.6 percent from a week earlier.

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A recent uptick in mortgage rates resulted in purchase applications. for the week ending June 14, 2019, according to MBA's weekly Mortgage.

On an unadjusted basis, volume decreased 7% compared with the previous week. It was the largest drop in weekly volume since the holiday season. Refinance volume also fell 11% from the previous week. As a result, the refinance share of mortgage activity decreased to 58% of total applications, down from 61% the previous week.

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As a result of these declines in rates, we saw a brief surge in refinance activity. We had a three-week period in late March when the 30-year fixed rate dropped from 4.55 percent to 4.36 percent and we saw a pick-up in refinance applications, especially for high loan balance borrowers.

The average number of mortgage applications slid 2.1% on a seasonally adjusted basis as interest rates grew from the prior week, the Mortgage Bankers Association said Wednesday. Applications.

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Thanks to low mortgage rates and slowing home prices, mortgage applications and. Mortgage Applications, Refinances Surge After Interest Rate Drop. ” Declining mortgage rates and more new entry-level supply are good news for the housing market this summer,” Kan said.. End of dialog window.