Mortgage applications drop for second consecutive week

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Mortgage rates rose again this past week, the second consecutive week rates increased. Prior to the past two weeks of increases, average mortgage rates declined for almost two months straight. Mortgage rates were expected to rise again this week because 10 year bond yields rose 7 basis points.

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Mortgage rates dropped for the second week in a row last week, according to Freddie Mac – but they’re still far higher than last year at this time. The bad news is that mortgage rates are.

Refinance Applications Drop for Sixth Consecutive Week Mar 28, 2012 WASHINGTON, D.C. (March 28, 2012) – Mortgage applications decreased 2.7 percent from one week earlier , according to data from the Mortgage Bankers Association’s (mba) weekly mortgage applications survey for the week ending March 23, 2012.

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New York, New York, USA, 13 July 2006 — /PRNewswire/ — Fixed mortgage rates continued to drop this week. The average 30-year fixed rate mortgage dipped to 6.87% from 6.91%. According to Bankrate.com’s weekly national survey of large lenders, the 30-year fixed rate mortgages had an average of 0.31 discount and origination points.

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Freddie Mac’s Mortgage Rate Survey Explained. Research Note: Freddie Mac’s Primary Mortgage Market Survey (PMMS) is the longest running weekly survey of mortgage interest rates in the United States. Since Freddie Mac launched its survey in 1971, others have begun collecting and reporting mortgage rate information.

A Resource For Home Buyers.. Mortgage rates drop for third consecutive week. October 3, 2013. In the face of a government shutdown, the effect on mortgage rates seems to have been small, as rates have dropped again for the third consecutive week.

Mortgage Apps Drop Again, Jumbo-Conf Spread Doubles For the second consecutive week, fewer applications were completed for home loans. As long-term mortgage rates climbed to a seven-year high, the jumbo-conforming spread doubled.

February was the worst month for weekly changes in mortgage applications since Mid-2013 during the taper tantrum regarding the Fed rate policy. Ever since January mortgage applications have been on the downtrend. The 8 week average weekly change is -4.08%, while the 4 week average change is just -2.15%.

According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 23, 2012, mortgage applications decreased 2.7 percent from one week earlier. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.7 percent on a seasonally adjusted basis from one week earlier.