Mortgage Applications Surge as 30-Year Hits Record Low
Mortgage application volume surged during the week ending March 20 as the Fed made a pledge to buy up more mortgage-backed securities and treasuries, sending rates sharply lower, the MBA said today.
Home loans apps jumped 32.2 percent on a seasonally adjusted basis compared to one week earlier, 31.4 percent unadjusted, and were up 18 percent compared to the same week a year ago.
It was all about the refinances, Read more
Low Mortgage Rates Lead to a 64% Surge in the Number of Homeowners Refinancing a Mortgage
Last week, the number of Americans applying for mortgages increased from the previous week, according to a report released today by the Mortgage Bankers Association (MBA).
The Index, which measures and compares mortgage loan application volume from week to week, showed that for the week ending February 13, mortgage activity increased 45.7% from the previous week’s numbers. The number of refinance mortgage applications surged Read more
Low Mortgage Rates Lead to a 64% Surge in the Number of Homeowners Refinancing a Mortgage
Last week, the number of Americans applying for mortgages increased from the previous week, according to a report released today by the Mortgage Bankers Association (MBA).
The Index, which measures and compares mortgage loan application volume from week to week, showed that for the week ending February 13, mortgage activity increased 45.7% from the previous week’s numbers. The number of refinance mortgage applications surged Read more
SoCal Home Sales Surge Thanks to Distressed Resales
A total of 19,926 new and resale homes and condos sold in the Southland last month, a 19.2 percent increase from November and more than double the number sold during the same period a year earlier, DataQuick reported.
In hard-hit Riverside County, resales nearly tripled from a year ago, with just under 70 percent previously foreclosed on.
Conversely, home sales in Southland metro and prestigious coastal Read more
Mortgage Application Volume Cools After Surge
After previously doubling week-to-week, mortgage application volume cooled slightly, the MBA said today.
Home loan apps dipped 7.1 percent on a seasonally adjusted basis for the week ending December 5, but still increased 32.7 percent on an unadjusted basis compared to the holiday-shortened Thanksgiving week.
Compared to the same period last year, volume was up 2.2 percent.
The slowdown was Read more
Mortgage Applications Decrease Slightly Following Thanksgiving Week Surge
Last week, the number of Americans applying for mortgages dropped from the previous week, according to a report released today by the Mortgage Bankers Association (MBA).
The Index, which measures and compares mortgage loan application volume from week to week, showed that for the week ending December 5 mortgage activity decreased 7.1% from the previous week’s numbers. The number of refinance applications decreased 0.9 percent, Read more
Mortgage Applications Surge With Large Drop In Mortgage Rates
Last week, the number of Americans applying for mortgages surged over the previous week, according to a report released today by the Mortgage Bankers Association (MBA).
The Index, which measures and compares mortgage loan application volume from week to week, showed that for the week ending November 28 mortgage activity increased 112.1% from the previous week’s numbers. The number of refinance applications posted a 203.3% gain, Read more