Interest Rate Drop Increases Mortgage Applications

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In: Mortgage News

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U.S. mortgage application activity was recorded in the week ending July 29, with total loan applications up 1.2% from the previous week. The increase comes as the average 30-year mortgage rate fell 24 basis points to 5.54%.  The Mortgage BankersContinue Reading

Mortgage Applications Increased This Week

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In: Mortgage News

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Loan applications improved compared to the previous week, according to data from the weekly survey of loan applications by the Association of Mortgage Bankers for the week ending Friday, June 24. The composite index of the MBA market, which measuresContinue Reading