The refinance share of mortgage activity increased to 41.5 percent of total applications, the highest level since March, from 40.4 percent the previous week. The adjustable-rate mortgage share of activity increased to 7.6 percent of total applications. Interest rates did stop their slide this week and may flat line until next week.
The Department of Agriculture share of total applications fell backwards, declining from 0.6% last week to 0.7% this week. The MBA reported that mortgage interest rates for 30-year fixed-rate.
· After two strong months, applications to purchase newly-constructed homes retrenched a bit as broader policy issues weighed on consumers, according to the mortgage bankers association. “ongoing concerns about economic growth and trade policy likely kept some potential buyers out of the market despite lower mortgage rates,” Joel Kan, the MBA’s associate vice president of economic [.]
The weekly MBA Mortgage Applications Index declined 2.4% following a 0.1% decline in the prior week. Looking ahead, investors will receive the Consumer Price Index for June, the weekly Initial and Continuing Claims report, and the Treasury Budget for June on Thursday. Nasdaq Composite +23.6% YTD; S&P 500 +19.4% YTD; Russell 2000 +16.1% YTD
Amherst’s Goodman: One in five distressed homeowners at risk of losing home California settlement puts Ocwen on a leash A more balanced housing market is on the way Mortgage applications drop as interest rates rise to 9-month high · The average rate on the 30-year fixed mortgage is falling again today, as investors rush into the bond market. Mortgage rates loosely follow the yield on the 10-year Treasury. The average lender is offering a rate between 4.125 and 4.25 percent, with more aggressive lenders going to 3.875 percent for borrowers with pristine applications, accordingWestern canada: court rulings on the carbon tax set stage for federal election – This week has demonstrated that the partisan battle over the balance. favourite. REAL ESTATE: Vancouver’s real estate market continues to soften as sales hit a 24-year low in April, dragging down.Panchuk Ann Kerri – Homeloansspringtx – Lenders have been using an automated system to assess loan risk, and the new guidelines seem to acknowledge that risky loans.California settlement puts ocwen on a leash New GSE appraisal database to tighten scrutiny on mortgage lenders The Washington-based mortgage. scrutiny of the building and the buyer.AOL latest headlines, entertainment, sports, articles for business, health and world news.
WASHINGTON, D.C. (May 15, 2019) – Mortgage applications decreased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 10, 2019. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.6 percent on a seasonally adjusted basis from one week earlier.
· Mortgage applications decreased 11.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 22, 2016. The Market Composite Index, a measure of mortgage loan application volume, decreased 11.2 percent on a seasonally adjusted basis from one week earlier.
HUD grants $40 million for housing counseling department of housing and urban development – The White House – assistance and supportive housing program known as HUD-VASH, including ad-.. cluding funding for competitive renewals and a new $40 million effort to.. housing counseling services to eligible homeowners and tenants through grants .
The volume of mortgage applications increased last week for the first time since early September. The Mortgage Bankers Association (MBA) said its Market Composite. Refinancing also gained ground,
Points for 80% LTV loans fell to 0.47 from 0.49, and the effective rate increased from last week. The average contract interest rate for 15-year fixed-rate mortgages remained unchanged at 3.78%. Points for 80% LTV loans fell to 0.40 from 0.43, and the effective rate decreased from last week.
FHA raises mortgage insurance, for life of loan A recent report from the mortgage bankers association showed that after the FHA’s share of purchase mortgage insurance steadily declined from 2010 until this year, the FHA’s share actually began to.