Mortgage applications increase on higher purchase volume

Applications. 3.0 percent higher than in March. The Mortgage Bankers Association said these non-seasonally adjusted numbers indicate there will be a strong increase in new home sales for the month..

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 · The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending Nov. 5, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 5.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 5.4 percent compared with the previous week.

Mortgage rates dropped again for most loan types, which led to an increase in refinance activity, partly driven by a 9 percent jump in VA applications," said Joel Kan, MBA’s Associate Vice.

4 days ago · Mortgage application volume dipped 2.4% on an adjusted basis during the week ended July 5, as the average rate for a 30-year fixed rate mortgage fell to 4.04%, down from 4.07%, according to the Mortgage Bankers Association’s (MBA) Weekly Applications.

Mortgage. an 8 percent increase the week before,” says Joel Kan, MBA’s associate vice president of economic and industry forecasting. “purchase applications decreased for the third straight week,

This represented a 1 percent increase from the previous week. Purchase mortgage application volume fell 2 percent on a seasonally-adjusted basis from the previous week and 6 percent on an unadjusted basis. When compared to the same week in 2011, the purchase index was 2 percent higher on an un-adjusted basis.

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Higher mortgage rates prove to be mixed blessing for U.S. Bancorp With a 30-year fixed-rate mortgage, you generally have a lower monthly mortgage payment than with a 15-year fixed-rate mortgage because payments are spread out over a longer time period. However, 15-year fixed-rate mortgages typically come with lower interest rates and homeowners pay less interest over the life of a loan.

Mortgage application volume moved higher last week, and it was refinances that drove the increase. jumbo rates remained lower than conforming rates — which rose to a seven-year high. FHA Endorsements Edge Higher, Book of Biz Grows Monthly residential government-insured mortgage production was nudged up, though commercial real estate.

While mortgage application rates had previously dropped for six weeks in a row, the final week of March saw the total volume of applications improve by 2.7 percent, adjusted seasonally. This.

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