According to the Latest MBA Survey Mortgage Applications are Dropped

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In: Mortgage News

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The premium in selling a home slipped last week, as indicated by the Mortgage Banker Association’s (MBA) Market Composite Index.  For the week finishing February 4, 2020, contract applications diminished 8.1% on an occasionally changed premise from a multi-week earlier. Continue Reading

Mortgage applications have dropped 4%

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In: Mortgage News

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While the rates for 30-year fixed mortgages rose from 3.15% to 3.18%, mortgage applications have fallen on a seasonally adjusted week-over-week basis by 4.2%. On the other hand, the numbers dropped by 4% on an unadjusted basis. The refinance indexContinue Reading

Mortgage Applications fall by 5%

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In: New Home Mortgage News

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The housing market generally warms up during spring. However, after months of frantic buying, there are signs that it may finally be slowing down.  There was a decrease of 5% recorded in the number of mortgage applications compared to theContinue Reading