Mortgage Application Volume Hits 15-Month Low mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.
Refinance Activity Pulls Back as Rates Move Higher
About this Channel
MND NewsWire features plain and simple interpretations of industry related data and events written in a manner that maintains the interest of random readers while still catering to the perspective of a housing market professional.
Share: May 26 2021, 7:21AM
After three weeks
of gains,
refinancing activity fell last week, pulling overall mortgage volume lower.
The Mortgage Bankers Association (MBA) says its Market Composite Index, a
measure of mortgage loan application volume, decreased 4.2 percent on a
seasonally adjusted basis during the week ended May 21 and was down 4.0 percent
from one week earlier.
Refi Volume Increases for Second Week Despite Rise in Rates
About this Channel
MND NewsWire features plain and simple interpretations of industry related data and events written in a manner that maintains the interest of random readers while still catering to the perspective of a housing market professional.
Share: May 19 2021, 7:27AM
Mortgage
originations are still finding much of their strength in the refinance sector even
during those weeks when rates increase. The Mortgage Bankers Association (MBA)
said the volume of mortgage applications increased last week even as purchase
mortgage volume declined. MBA s Market Composite Index, a measure of mortgage loan
Mortgage Application Volume Struggles to Keep up With Hot Housing Market May 5 2021, 7:29AM
Mortgage
application volume lost ground again last week,
although the decline was small
and refinancing volume pulled out a sliver of a gain. The Mortgage Bankers
Association (MBA) said its Market Composite Index, a measure of mortgage loan
application volume, decreased 0.9 percent on a seasonally adjusted basis during
the week ended April 30. On an unadjusted basis, the Index was 1 percent lower
than the prior week.
The Refinance
Index increased 0.1 percent from the previous week but lagged the Index on the
same week in 2020 by 17 percent. The refinance share of mortgage activity
Mortgage Application Volume Falls Despite Lower Rates
About this Channel
MND NewsWire features plain and simple interpretations of industry related data and events written in a manner that maintains the interest of random readers while still catering to the perspective of a housing market professional.
Share: Apr 28 2021, 7:32AM
The
solid 8.6 percent increase in mortgage application volume during the week ended
April 16, only the fourth gain thus far in 2021, was short lived. The Mortgage
Bankers Association reports that its Market Composite Index resumed a downward
trend during the week ended April 23 even though mortgage rates moved lower. The
index, a measure of mortgage application volume, decreased 2.5 percent on a