Mortgage
Mortgage Applications Drop but Activity Remains Strong
Total mortgage applications were down this week, even as mortgage rates held steady near record lows. Overall applications dropped 2.5%, while refinances dipped 4%, and purchase loan activity fell 12%. Meanwhile, rates on 30-year, fixed-rate loans stayed put at 3.07%. …
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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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6 Mistakes Homeowners Make When Refinancing a Mortgage
It may seem like everyone is refinancing their mortgages these days — and it’s no wonder why. Historically low rates have been making headlines throughout the year. The chance to lower your monthly mortgage payment is probably appealing, and you…
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Refis, Mortgage Rates Drop, While Purchase Loans Rise
Despite a drop in mortgage rates this week, overall mortgage activity declined 6.5% over the previous week. According to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA), refinance activity dipped 10% — its lowest level since…
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Why Larger Homes Are on the Rise
There’s been a lot of talk about small properties lately. Granny flats, accessory dwelling units, tiny houses, and in-law suites — they’ve all been making major headlines in recent years, especially as home prices crept up and the Marie Kondo-inspired…
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Mortgage Rates Rise, Sending Applications Down
Mortgage applications fell this week, dropping 3.3% from the week prior, according to the latest survey from the Mortgage Bankers Association. Refinances fell the most, dipping 5% over the week, while purchase applications dropped 1%. Both types of activity are…
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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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Mortgage Rates Drop, Applications Fall in Step
Mortgage rates dropped again this week, but so did overall application activity. According to the latest data from the Mortgage Bankers Association, despite an average interest rate of just 3.14%, loan applications dropped 5.1% over the last week. Refinance activity…
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Mortgage Apps Fall Thanks to Rising FHA Loan Rates
Mortgage activity slipped slightly this week, dropping 0.8% from last week. Refinancing applications decreased by 0.4%, while purchase loan applications fell 2%. Both rates remained higher than last year (up 121% and 21%, respectively). According to Mike Fratantoni, senior vice…
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Mortgage Activity Jumps Despite Slight Jump in Rates
Mortgage applications jumped this week, increasing 4% across the board. Refinancing activity was up 5%, while purchase loan applications rose 2%. Both saw notable increases over this time last year (jumping 19% and 122%, respectively). The increase comes despite a…
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