Mortgage Application Activity Slows Significantly – Mortgage Application Activity Slows Significantly Jun 28 2017, 7:30AM Applications for mortgages plunged during the week ended June 23, even as interest rates remained relatively stable.
In some cases the buyers lied on their applications. If the rate of gain slows, perhaps yields will be more important – NYSE 2.16% vs. NASDAQ 0.99%. Despite the strength of the equity market, NYSE.
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"Mortgage rates were flat. loan application volume — decreased 7.3 percent from a week earlier. The refinance index fell 11 percent from the previous week, while the purchase index dropped 4.
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But when rates are increasing, fewer borrowers find that the available terms are today better than their existing mortgage, so refinance activity slows. For current homeowners, the decision to buy a new home is typically linked to their decision to sell their current home.
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Mortgage applications increased sharply from the previous week, ending June 5, 2015. According to data from the Mortgage Bankers Association’s Weekly mortgage applications survey, applications were up almost eight and a half percent from the prior week. The results were adjusted accordingly for the Memorial Day holiday, which was Monday, May 25 th, 2015.
Mortgage application volume rises again on refinance activity Refinances drove mortgage applications up for the second week as mortgage rates remained low, and overall application volume was at the highest level since June 2013 last week, according to the weekly mortgage bankers Association (MBA) applications survey released today.
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Mortgage Application Activity Slows Down. The Refinance Index fell by four percent while the refinance share of mortgage activity decreased to 49 percent of total applications from 50.1 percent the previous week. Among the federal program, the FHA share of total applications increased to 10.3 percent from 10 percent the week prior and.