Refinance application share hits eight-year low: MBA

rates hit 3-year Low in MBA Weekly Survey.. but it wasn’t enough to drive application activity, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending June 24.. The refinance share of mortgage activity increased to 58.1 percent.

The mortgage bankers association predicts that total home mortgage lending will increase 7 percent in 2015, driven largely by a sharp rise on new purchase loans. For Notary signing agents who rely on mortgage refinance assignments, the news isn’t so rosy. The MBA anticipates that refi activity will drop by 3 percent, according to the association’s October Mortgage Finance Forecast.

Mortgage applications hit 12-year low as refi boom dries up. after the Fed signaled it was preparing to dial back its stimulus program – have "whacked" refinance. to all Inman content.

“Purchase applications hit their highest numbers since 2010, and refinance applications up to their highest level since last spring,” said Mike Fratantoni, MBA SVP and Chief Economist. The refinance.

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U.S. mortgage application activity hit a five-week low even as home borrowing costs were little changed from the prior week, Mortgage Bankers Association data released on Wednesday showed. The.

Foreclosure activity is at the lowest level in over a decade New-home sales decline in January to three-month low Sales of existing homes suffered their biggest drop in three years in January, but the news was bad for consumers trying to buy homes, not those trying to sell them. In short, the 3.2 percent.Florida Banking e-Insights: Q3 2018 Foreclosure Activity Down. – "A decade after poorly underwritten mortgages triggered a housing market crash, it’s clear that the foreclosure risk associated with those problem mortgages has faded – average foreclosure timelines have dropped to a two-year low, and the share of foreclosures tied to 2004-to-2008 loans has dropped well below 50 percent," said Daren Blomquist, senior vice president at ATTOM Data Solutions.

Turnover of existing homes fell to an 11-month low in July, while sales of new homes hit a seven-month low. Last week, the average interest rate on conforming 30-year fixed-rate mortgages dipped to 4.11 percent, a fresh nine-month low, from 4.12 percent the prior week, the MBA said.

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Mortgage Rates Hit All Time High In 8 Years. The refinance share of mortgage activity accounted for 39.1 percent of all applications.. week to its lowest level since December 2014,” said Bob Broeksmit, MBA president and chief executive.

Housing market expected to realize the positive impacts of low mortgage rates in. (MBA) Weekly Mortgage Applications Survey for the week ending June 7.. with investment in public projects rising to a more than eight-year high, which. showing that new-construction home sales hit a near 20-year low last year in the .

Mortgage rates were on the rise again and applications continued to hit. 30- year fixed rates rose by 3 basis points following on from a 5. More significantly, 30-year fixed rates remain 74 basis points below last November's high of 4.94%.. The share of refinance mortgages fell from 41.5% to 39.4%,

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