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MBA: Mortgage apps increase slightly for second consecutive week

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Even the drama of the monthly employment report on Friday did little to move interest rates or the mortgage market. Mortgage application volume increased 0.9 percent for the week from the previous.

While sales were down, the national housing inventory grew 5.8 percent year-over-year, the fifth consecutive month of growth. The 3.4-month inventory supply in February was up slightly. s (MBA).

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Mortgage applications retreated 1.9% from last week, according to data. for the second straight week and have been somewhat volatile lately, but. we did see government refinance applications increase, driven solely by a.

Activity was still strong even as the Mortgage Bankers Association’s (MBA’s) Market Composite. activity was at its second highest level this year. Government refinances actually increased last week.

Mortgage rates were slightly higher this week as investors waited to see what they could. Existing-home sales fell for the second consecutive month in January. “It is not shocking to see that home.

After declining for several consecutive weeks, mortgage applications reversed. MBA Vice President of Economic and Industry Forecasting Joel Kan said. Loan Origination Tech · Servicing Solutions · Secondary Market Tech · Real. of total applications, slightly retreating from 38.8% the previous week.

The average 15-year fixed mortgage stepped back to 3.50 percent, while the larger jumbo 30-year fixed mortgage climbed to 4.51 percent. Adjustable rate mortgages were slightly. the second.

The Mortgage Bankers Association reported a second consecutive. lending standards. The MBA’s purchase index gained 3.0 percent for the week. The Purchase Index has gained in eight of the last.

Freddie, however, dropped slightly from June to July at about. Freddie’s serious delinquency rate on its guaranteed single-family mortgages fell once again, remaining below 4% for the second.

Mortgage apps decline 1.2% week after big spike After the Dow jones industrial average sank 550 points on Tuesday, the past few weeks qualify. Even a long-term decline in oil prices is, therefore, unlikely to cause a serious downturn. Download.

Mortgage application volume decreased for fourth consecutive week, falling 4.3% despite. to the Mortgage Bankers Association's (MBA) Weekly Applications Survey.. to 4.42% – as concerns over global growth, particularly in Germany, but purchase activity still remained slightly above year ago levels.