Refinance application share hits eight-year low: MBA

Mortgage Applications Hit 4-Year Low as Rates Continue to Rise; The Market Composite Index, a measure of mortgage loan application volume, decreased 4.0 percent on a seasonally adjusted basis from one week earlier to the lowest level since December 2014, according to the Mortgage Bankers Association.

Mortgage refinance applications hit an 18-year low.. With rates still at the highest level in eight years, mortgage applications to refinance a home loan continued. The refinance share of mortgage activity decreased to 38.5 percent of total. over global economic growth,” said Joel Kan, an MBA economist.

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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.

The share. The MBA numbers lag the Freddie Mac numbers by a week. In spite of a more dovish FED, both purchase and refinance applications surged. The refinance index hit its highest level since.

Servicer productivity – measured as the average loans serviced divided by the average servicing full-time-equivalent employee (FTE) in a given year – peaked at 1,863 loans in 2007. Once the great recession hit, default rates rose and productivity dropped, reaching a study-low of 647 loans serviced per FTE in 2013.

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Purchase Mortgage Applications Hit 8-Year High.. The Mortgage Bankers Association’s. but the refinance share of overall activity dipped to 49.4 percent from 52.2 percent. It was the first.

5 days ago. The benchmark 30-year fixed-rate mortgage rose this week to 3.97 percent. The urgency of lower mortgage rates seems to be wearing off as total. 6 percent over the same time a year ago, according to MBA's survey.. The refinance share of activity slumped to 48.7 percent of total applications from 51.

Housing starts fell most in eight months in February Home prices in 20 U.S. cities cool with smallest gain since 2012 Home Prices in 20 U.S. Cities Cool With Smallest Gain Since 2012 Bloomberg – Reade Pickert Home prices in 20 U.S. cities rose in February at the slowest pace since 2012, decelerating for an 11th straight month, as sellers continue to make.Refi mortgage application share rises above 50% When it comes to refinancing your mortgage, the process can become quite tedious, thanks to all the paperwork involved. That’s why many homeowners turn to the FHA Streamline Refinance program. As the name implies, this mortgage product seeks to simplify the application process, something many homeowners find very appealing.The February figure itself was revised downward, but only by 2,000 units, from the. The Midwest was up by 25 percent and the Northeast was up by 8 percent.. However, March 2018 was a very strong month for housing starts and that strength. of buildings with 5 or more units fell 25 percent this month.

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.

U.S. mortgage application activity decreased to its lowest in 2-1/2 years last week as loan requests to refinance an existing home fell to their weakest level since December 2000, the Mortgage.

Low downpayment mortgage programs have experienced a recent application surge, as the share of total. Bankers Association (MBA). VA loan applications increased as well, inching upward from 12.6%.