Update

Mortgage Interest Rates Drop

Purchase Loan Activity Continues Rising as More States Reopen

By Tara Mastroeni / May 29, 2020
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Overall, mortgage applications have increased 2.7% from this time last week. The adjusted purchase index increased 7% from a week ago and was up 9% from this time last year. On the jump, MBA’s Joel Kan, the Associate Vice President…

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Mortgage Interest Rates Drop

Mortgage Applications Hold Steady, While Rates Drop

By Aly Yale / May 7, 2020
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Mortgage activity held steady last week, with total applications increasing just 0.1% from the week prior. Purchase loan applications actually jumped 6% over the week, while refinance applications decreased 2% over the same period. Refinancing activity was still 210% higher…

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Mortgage Interest Rates Drop

Purchase Loan Activity Rebounds as Mortgage Rates Drop

By Aly Yale / May 1, 2020
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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 Interest Rates Drop

Mortgage Activity Holds Steady, Rates Remain at Record Lows

By Aly Yale / April 24, 2020
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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 Interest Rates Drop

Mortgage Activity Rebounds as Rates Bottom Out

By Aly Yale / April 17, 2020
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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 Interest Rates Drop

Mortgage Applications Drop, Rates Rise on 30-year Loans

By Aly Yale / April 9, 2020
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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 Interest Rates Drop

Mortgage Rates Drop to Survey Low, While Refis Take Over

By Aly Yale / April 3, 2020
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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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Mortgage Interest Rates Drop

Mortgage Rates Increase, Apps Fall as Coronavirus Rears Its Head

By Aly Yale / March 27, 2020
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The coronavirus outbreak worsened this week, and its impact on mortgage activity was apparent.  According to the most recent Weekly Mortgage Applications Survey from the Mortgage Bankers Association, total mortgage applications decreased 29% over the week. Purchase applications were down…

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Mortgage Interest Rates Drop

Rates Tick Up, Refis Remain Strong as Industry Responds to Coronavirus

By Aly Yale / March 19, 2020
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Despite the record-lows that mortgage rates hit earlier this month, overall market volatility has caused them to spike once again. Rates on 30-year mortgages jumped to 3.74% this week, up from 3.47% the week prior. Rates are still low, historically…

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Mortgage Interest Rates Drop

Mortgage Activity Surges as Interest Rates Continue to Fall Amid Economic Uncertainty

By Tara Mastroeni / March 13, 2020
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Mortgage interest rates continue to fall and, in response to the current rate environment, the Mortgage Bankers Association forecasts a dramatic jump in activity. In this week’s Weekly Mortgage Applications Survey, the MBA projected that total origination activity is expected…

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