Mortgage application volume drops on less purchase activity

February’s foreclosure inventory fell to lowest rate since 1999 The overall mortgage delinquency rate fell to 4% in February from 4.8% the year prior and stayed static from january. early-stage delinquencies edged down annually to 2% from 2.1% and the foreclosure inventory rate went to 0.4% from 0.6% year-over-year, matching a low last seen in 1999.

Refinance mortgage applications were at a 31-week low, and gross mortgage applications volume took a double-digit dive last week compared to one week ago, according to the Mortgage Banker’s.

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Despite rising interest rates and slowing housing sales, total purchase volume is expected to be up 5.0 percent when compared to 2016. Total Residential Lending Volume Despite growing prices and residential sales volume, total lending volume is forecast to drop from $1.94 trillion in 2016 to drop 20.5 percent in 2017 to $1.54 trillion.

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Mortgage application volume was flat during the week ended June 28, as a 1% increase in applications for refinances was basically offset by a 1% increase in applications for purchases, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Total volume decreased 0.1% compared with the previous week.

About this Data. The Weekly Mortgage Applications Survey contains 15 indices covering home loan application activity for fixed rate, adjustable rate, conventional and government loans for home.

Mortgage application volume grew 2.5 percent last week, urged on solely by purchase applications, and ending two weeks of volume drops, reports the Mortgage Bankers Association.. Homebuyers applying for mortgages accounted for seven percent growth over the past week, and eight percent YOY.

On an unadjusted basis, Market Composite Index, a measure of mortgage loan application volume, fell 3% from the previous. vice president of economic and industry forecasting. “Purchase activity.

Mortgage app volume drops as interest rates decline. The volume of mortgage applications dropped during the week ending March 30 amid declines in a number of interest rates, according to the.

There was more activity on the mortgage. for VA purchase loans. refinance application volume increased as well, with the index reaching its highest level in a month. Borrowers with larger loans.

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Mortgage applications surge as rates drop CNBC 3:44;. That pushed the refinance share of total mortgage application volume to 49.8% from 42.2%. It is nothing short of a refinancing boom, with.

As a result of these declines in rates, we saw a brief surge in refinance activity. We had a three-week period in late March when the 30-year fixed rate dropped from 4.55 percent to 4.36 percent and we saw a pick-up in refinance applications, especially for high loan balance borrowers.

Mid America buys $2.7 billion in Ginnie MSRs ADDISON, Texas, Sept. 8, 2016 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff bode today announced the firm will begin purchasing delinquent fha loans as part of its whole loan purchase program. To be eligible for purchase, loans must have an active mortgage insurance certificate, and the original terms of the note must remain unmodified.