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Mortgage application volume rises, driven by refinances

Total mortgage application volume fell 3.3%. Bankers Association’s seasonally adjusted index. Volume was 15% higher than the same week one year ago, when interest rates were higher. Mortgage.

Mortgage application volume rises, driven by refinances. CNBC. CNBC’s Diana Olick reports on the latest mortgage application data. View on cnbc.com. Related Stories. 3 Smart Social Security Moves. The Motley Fool – Kailey Fralick.

Applications for refinances fell 1% while applications for purchases also decreased 1%. On an unadjusted basis, total volume fell. adjustable-rate mortgage (ARM) share of activity decreased to 6.3%.

Mortgage Delinquency Skyrockets Thirty-day delinquency jumped last month more than it has in a decade. But the level of foreclosures is now lower than before the recession. Rise in Mortgage Applications Driven by Refinances Mortgage application volume moved higher last week, and it was refinances that drove the increase.

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Rise in Mortgage Applications Driven by Refinances Mortgage application volume moved higher last week, and it was refinances that drove the increase. Building on the huge momentum two weeks ago, mortgage. volume is now 41 percent higher than it was one year ago, though still low by historical comparisons. Unlike the previous week, however, this.

CNBC’s Diana Olick reports on the latest mortgage application data. READ SOURCE Related READ Magnificent artists’ house seen in JK Rowling’s The Silkworm for sale. finance. bond;. Mortgage application volume rises, driven by refinances. June 5, 2019. Facebook. Twitter. Pinterest. WhatsApp.

"Despite the less positive outlook, both purchase and refinance applications surged, driven mainly by these lower rates. The refinance index jumped 47 percent to its highest level since 2016." Added Kan, "With the 30-year fixed-rate mortgage at its lowest level since September 2017, purchase activity was more than 10 percent higher than a year ago.

Total mortgage application. volume was 2.4 percent lower. The week-over-week increase was driven by homebuyers, who have been sidelined significantly this year by a record low number of listings.

CNBC’s Diana Olick reports on the latest mortgage application data. DISCLAIMER: Many of the pages and articles on this website contain information and excerpts provided by third-parties from around the web; as such, the operators of this website assume no liability or responsibility for any of the contents contained herein, or the contents of websites that we may link to.

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MBA: Mortgage applications rise again thanks to increasing refinance demand. a measure of mortgage loan application volume, increased 2.8% on a seasonally adjusted basis from one week earlier..