MBA: Refinance once again drives mortgage applications

The refinance index increased 8 percent to its highest level in over a month, and once again there was an increase in average refinance loan sizes, as borrowers with larger balances responded accordingly to lower rates," says Joel Kan, MBA’s associate vice president of economic and industry forecasting.

U.S. mortgage applications for buying or refinancing a home climbed to a two-month high last week, as home borrowing costs fell to their lowest in over a year, data from the Mortgage Bankers.

U.S. mortgage applications for buying or refinancing a home climbed to a two-month high last week, as home borrowing costs fell to their lowest in over a year, data from the Mortgage Bankers.

– Mortgage Applications Decrease in Latest MBA Weekly Survey . Jul 16, 2019 – Kristy Fercho of Flagstar Bank Nominated to be 2020 MBA Vice Chairman . Jul 11, 2019 – June New Home Purchase Mortgage Applications Increased 17.9 Percent Year over Year

Building on the huge momentum two weeks ago, mortgage application volume jumped further last week, up 14.2 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association (MBA).

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Declining mortgage rates once again champion an increase in. 2019, according to MBA's weekly Mortgage Applications Survey.. “Mortgage rates dropped again for most loan types, which led to an increase in refinance.

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The refinance index increased 8 percent to its highest level in over a month, and once again there was an increase in average refinance loan sizes, as borrowers with larger balances responded accordingly to lower rates," said Joel Kan, MBA’s Associate Vice President of Economic and Industry Forecasting.

Total mortgage application. for loans with a 20 percent down payment. That is the lowest rate since February 2018. "Mortgage rates declined once again last week, as concerns about the slowing.

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Another steep rise in refinance pushed mortgage applications up 8.2% from one week earlier. Now the refinance share of mortgage activity sits at its highest level since February 2015, making up 64.

The Mortgage Bankers Association Purchase Index falls 6.9% The Mortgage Bankers Association (or MBA) Purchase Index decreased 6.9% in the week.