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MBA: Mortgage applications decline further as refinances slide

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Contents Mba) weekly applications survey. applications Short sale fraud fears Mortgage business. total County loan limits In keeping with seasonal cycles, mortgage application volume fell 5.8% on an adjusted basis during the week ended Dec. 14, according to the Mortgage Bankers Association’s (mba) weekly applications survey. applications for refinances fell 2% while applications for.

NEW YORK (Reuters) – U.S. mortgage applications to refinance. MBA’s seasonally adjusted purchase index, a tentative early indicator of home sales, decreased 3.3 percent, its third straight weekly.

and the further decline in rates is providing another tailwind. The MBA’s refinance index increased by 39% week over week, and the percentage of all new applications that were seeking refinancing.

"Mortgage applications decreased over the week, driven by a decline in refinances. With mortgage rates up for the second week in a row, it’s no surprise that refinancings slid 8 percent and average loan sizes dropped back closer to normal levels," said Joel Kan, MBA’s Associate Vice President of Economic and Industry Forecasting.

The slide in yields led the 30-year fixed mortgage rate to 3.87%, its lowest level since Nov-16. The MBA also noted that, in spite of falling mortgage rates, refinances fell further.

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Contents Industry forecasting joel kan bond trader jesse litvak.. litvak 2008 financial crisis.st. george real Financial crisis.st. george mba: mortgage applications decline further as refinances slide Mortgage applications fell even further for the week ending. held potential homebuyers off the market," MBA Vice President of Economic and industry forecasting joel kan said.

Mortgage applications jump 21.7% on refinancing activity NEW YORK (Reuters) – Applications for home mortgages rebounded last week, fueled by a jump in refinancing activity as interest rates pulled back, an industry group said on Wednesday. The Mortgage.

In keeping with seasonal cycles, mortgage application volume fell 5.8% on an adjusted basis during the week ended Dec. 14, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances fell 2% while applications for purchases plummeted 7% compared with the previous week.

Last week was another down week for mortgage. decrease in applications as reflected in its seasonally adjusted Market Composite Index. Compared with the previous week the decline in the unadjusted.