Financial Advisors
Purchases, Refis Jump as Rates Dip Again
Mortgage activity jumped over Labor Day weekend, with refinances rising 3% over the week, and purchase loans up a slight 0.2%. Both are still up considerably over the year. According to Joel Kan, the uptick was due to dropping mortgage…
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Mortgage Activity Jumps as Rates Hit Another Low
Mortgage activity is surging once again, with overall applications up 6.8% from last week. According to the latest data from the Mortgage Bankers Association, purchases were up 2% over the week, while refinances jumped 9% — marking their 12th-straight weekly…
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Rates Continue to Slip Amid Fears of a Coronavirus Resurgence
Overall, mortgage activity increased by 2.2% this week, though the data does include an adjustment for the Fourth of July holiday. Purchase applications increased 5% from this time last week while refinance applications increased 0.4%. Both metrics were also an…
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Mortgage Activity Jumps, as Rates Hold Steady at Record Lows
Both home buying and refinancing demand jumped last week. According to the latest data from the Mortgage Bankers Association, total mortgage applications rose 9.3% over the week, with refis increasing 11% and purchase applications jumping 5%. It was the eighth…
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Mortgage Activity Drops Thanks to Waning Refis
Overall mortgage activity was down this week, thanks wholly to a steep drop in refinances. According to the latest data from the Mortgage Bankers Association, refinance applications were down 9% over last week. Purchase loan activity, on the other hand,…
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Purchase Loan Activity Rebounds as Mortgage Rates Drop
Mortgage activity slowed slightly this week, but not in the way you’d expect. Unlike in past weeks, it wasn’t purchase applications that declined this time. Instead, refinance activity dropped, decreasing 7% over the week. To be fair, refinancing is still…
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Mortgage Activity Holds Steady, Rates Remain at Record Lows
The mortgage market is seeing its fair share of ups and downs this spring. According to the most recent Weekly Mortgage Applications Survey from the Mortgage Bankers Association, overall mortgage activity is down this week — but only by 0.3%.…
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Mortgage Activity Rebounds as Rates Bottom Out
Mortgage activity bounced back slightly, increasing 7.3% over the last week, according to the Mortgage Bankers Association’s weekly survey. The week prior, total mortgage applications had decreased by 17.9%. The bump is driven by increasing refinancing activity, which saw a…
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Mortgage Applications Drop, Rates Rise on 30-year Loans
Mortgage activity slowed this week, as the COVID-19 outbreak worsened across the country. According to the weekly applications survey from the Mortgage Bankers Association, purchase activity was down 12% for the week and 33% for the year, while refinance applications…
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Mortgage Rates Drop to Survey Low, While Refis Take Over
The economy might be on uncertain ground right now, but the mortgage market is still going strong. According to the latest Mortgage Applications Survey from the Mortgage Bankers Association, overall mortgage applications were up 15.3% for the last week. The bump…
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