Mortgage applications drop for second consecutive week

 · Overview: Higher than expected US CPI and the second tepid reception to a US bond auction this week pushed US yields higher and helped stall the equity momentum. Asia Pacific yields, especially in Australia and New Zealand jumped 8-10 bp in response, and Spanish and Portuguese bonds bore the burden in Europe.

The refinance index was unchanged from the previous week, while the purchase index fell 4 percent. The refinance share of mortgage activity accounted for 37.6 percent of all applications. “The drop.

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Mortgage applications dropped again, falling 2.3% from one week earlier, according to the latest data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending.

This week mortgage applications decreased 0.2% compared to a week ago, while mortgage rates also decreased slightly compared to a week earlier, according to Freddie Mac. 30-year fixed-rate.

Rates on 30-year mortgages fell for a second straight week as bond investors expressed relief that the Federal Reserve has not grown overly concerned about inflation pressures. mortgage giant Freddie Mac reported Thursday that rates on 30-year, fixed-rate mortgages averaged 5.91 percent this week, down from 5.93 percent last week.

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Today’s Mortgage Rates and Refinance Rates. 5/1 ARM 4.25% 4.781% 30-Year Fixed-Rate Jumbo 4.5% 4.521% 15-Year Fixed-Rate Jumbo 4.375% 4.391% 7/1 ARM Jumbo 4.0% 4.538% Rates, terms, and fees as of 8/23/2018 10:15 AM Eastern Daylight Time and subject to change without notice. Select a product to view important disclosures, payments, assumptions,

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For the second time in as many weeks, applications for mortgages have moved lower. According to the weekly survey conducted by the Mortgage Bankers Association , applications were down 2.3% in the.