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Applications for new mortgages rose slightly last week even though mortgage loan rates on a 30-year conventional loan have fallen to levels not seen since September 2017.
Slightly higher mortgage loan rates last week led to reduced activity in the market for refinancing according to data released Wednesday by the Mortgage Bankers Association.
Applications for new mortgages jumped last week as interest rates dropped even further. Demand for refinancings accounted for nearly half of all new mortgages.
The percentage of U.S. mortgages fell to 4.3% in March, a 13-year low for the month. The inventory of homes in foreclosure is now at levels not seen in at least 20 years.
Mortgage rates fell last week and the drop has continued on into this week. New applications for loans also increased, but the rise was modest due to the Memorial Day holiday.
Applications for new mortgage loans fell last week even though mortgage loan rates also dropped.
Mortgage loan rates mostly fell slightly or remained unchanged last week. The lower rates drove a surge in home refinancings.
Freddie Mac forecasts a steadily growing housing market in the United States and is signaling that some of the biggest problem mortgages that helped add fuel to the fire of the Great Recession remain...
Mortgage loan interest rates dropped across the board last week, but so did applications for new mortgages. Refinancing applications remain well below 40% of all new loan applications.
The mortgage loan delinquency rate fell by nearly a full percentage point year over year in February. Mortgage loan rates have also dipped sharply over the past week, and CoreLogic executives see a...
Applications for new mortgage loans rose last week as interest rates for both conventional and jumbo 30-year loans dipped.
Mortgage loan rates dipped last week, but applications for new mortgages continued sliding.
For the second consecutive week, interest rates rose on all five types of mortgage loans tracked by the Mortgage Bankers Association. As might be expected, applications for new loans dropped in...
Applications for new mortgage loans dropped again last week as interest rates moved slightly higher. The decline was driven by fewer refinancings.
Mortgage rates rose last week but the increase amounted only to about a tenth of a point. The squelched the uptick in refinancings reported in the prior week.