A 15% rise in applications for adjustable-rate mortgages drove overall mortgage applications higher in the most recent weekly survey.
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Category: Joel Kan
Mortgage applications decline after rate increase
The pace of mortgage applications fell 7.7% in the week ended Feb. 10, the Mortgage Bankers Association reported.
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MBA: Mortgage applications fall as 30-year fixed hits 21-year high
At the same time, mortgage applications declined 1.7% on a seasonally adjusted basis on a week-over-week basis, according to the Mortgage Bankers Association.
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Mortgage applications rise for second week despite historically high rates
Despite a slow start to the spring homebuying season, prospective buyers are showing some resiliency in the face of higher mortgage rates, as seen by two weeks in a row of increasing loan applications.
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Mortgage applications fall as rates hit 13-year high
Overall mortgage-application volume was at its lowest level since 2018, the Mortgage Bankers Association said.
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Mortgage applications fall to pre-pandemic low as rates rise
Mortgage applications fell more than 13% in the most-recent week tracked by the Mortgage Bankers Association’s Market Composite Index, while interest rates continued to rise.
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Mortgage applications fall during last two weeks of 2021
At the same time, the average 30-year fixed-rate mortgage rose to 3.33%, its highest level since April 2021, the Mortgage Bankers Association said.
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Mortgage applications rise in latest survey, as rates decline for the first time in a month
The decline in mortgage rates prompted an uptick in refinancing, with government refinances increasing more than 20% over the week, MBA associate vice president of economic and industry forecasting Joel Kan said in a press release.
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Mortgage applications fall over Thanksgiving week as rates rise
“Despite higher mortgage rates, purchase applications had a strong week, mostly driven by a 6% increase in conventional loan applications.” — MBA associate vice president of economic and industry forecasting Joel Kan
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Mortgage applications decline despite drop in interest rates
“Mortgage rates decreased for the first time since August, as concerns about supply-chain bottlenecks, waning consumer confidence, weaker economic growth and rising inflation pushed Treasury yields lower.” — MBA associate vice president of economic and industry forecasting Joel Kan
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