Application activity increases, led by uptick in refis

Hawaii Hike into Kilauea Volcano Caldera The MBA’s loan application survey covers. rate mortgage (ARM) share of activity increased to 6.1 percent from 6.0 percent of total applications from the previous week. “The increase in purchase.

According to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 17, 2019, U.S. mortgage applications increased 2.4 percent from one week earlier, The Market Composite Index, a measure of mortgage loan application volume, increased 2.4 percent on a seasonally adjusted basis from one week earlier.

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Mortgage refinance booms are a thing of the past: MBA chief economist Right now, the rates represents good news for home buyers hoping lower costs as well as stability in the mortgage market. “Our latest thinking is that they’ll stay close to the level,” said Mike.John Ralston Jon Ralston is a political print and broadcast journalist based in Las Vegas, Nev. He has covered Nevada state politics for over 30 years, publishing a book on the subject called The Anointed One in 2000. He has also received 10 awards from the nevada state press association and Politico mentioned him as part of its 2012 "50 politicos to watch: Swing-state media players" list.Two acquisitive mortgage bankers see first-quarter profits fall Two acquisitive mortgage bankers see first-quarter profits fall First-quarter year-over-year results declined at a pair of mortgage bankers active in the acquisitions market as well as at the provider of the most used servicing technology.

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Purchase activity, which led the rebound in application activity early this year, continued to climb higher and is approaching cycle highs again. Overall there has been a clear shift in activity since rates started to fall late last year.

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Interest in refinancing among borrowers led to a huge jump in application activity last week, as rates fell amid an easing of selling pressure in key parts of the secondary market for mortgages.

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This time, however, there are multiple signs that the recent upward trend is not just a product of hype, speculation or whale.