The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning. The yield on a 10-year U.S. Treasury note ticked down in the last week from 2.71% to.
Mortgage Loan Rates Slide, New mortgage applications continue to Fall.. Adjustable rate mortgage loans accounted for 6.7% of all applications, down from 6.8% in the prior week.
Mortgage applications eased last week even as rates fell, a sign that. That was driven by an 8% slide in refinancing activity.. fresh housing data released this week signaled the housing market is continuing to strengthen.
Jed Kolko, Chief Economist at Trulia, digs into recent history to reveal how today’s rising rates may be more bark than bite. Typically, spiking mortgage rates take a big chomp out of refinancing.
5 days ago. Average mortgage rates rose this week while refinancing activity accelerated.. people want to know if rates can slide home under the 4-percent mark.. loosening credit requirements and low down-payment loan options), but. Bankers Association's (MBA) Weekly Mortgage Applications Survey for the.
The FHA share of total applications increased to 10.4 percent from 9.9 percent the week prior. The VA share of total applications increased to 10.5 percent from 10.2 percent the week prior. The USDA share of total applications remained unchanged at 0.8 percent from the week prior.
MBA data showed 30-year mortgage rates edged up 12 basis points to 4.44 percent. The refinancing index fell 2.3 percent in the latest week, and was revised to a decline of 3.9 percent in the Nov. 1 week from a previously reported fall of 7.9 percent. The purchase index, a leading indicator of home sales, dipped 0.5 percent.
The slide in average home prices for the top 10 metropolitan areas broke its 12-month cooling with an increase of 2.3%, up from the previous month’s 2.2% increase. However, the top 20 metropolitan areas cooled for the 13 th straight month, posting a gain of 2.5% year over year, down from 2.6% in March.
Mortgage applications down 6.2% as refinancings slide. The drop in refinance applications was a reaction to a minute move higher in interest rates, as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) increased to 4.10 percent from 4.08 percent, with points increasing to 0.39.
Mortgage applications continue to slide downward, falling 0.4%. However, VA loan apps continue to increase, according to data from the Mortgage Bankers Association’s latest Weekly Mortgage.
Trulia 2015 Forecast: Home price gains slow, affordability worsens Housing Sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.Average monthly house payments jump 21% in fourth quarter