MBA: Refinance once again drives mortgage applications

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MBA’s Refinance Index jumped 37% last week. Login. News.. once again pulled U.S. Treasury rates lower. The 30-year fixed mortgage rate decreased eight basis points to 3.93 percent – the.

The jump was measured at 21.7% from one week earlier according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 9, 2019.

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Data from the Mortgage Bankers Association shows a 21.7% increase in mortgage applications for the week ending August 9. The Refinance Index increased 37% from the previous week to the highest.

Mortgage applications increased 1.6% last week, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 15, 2019.

Mortgage application volume jumped 8.9 percent last week, according to the Mortgage Bankers Association. The average rate for 30-year fixed-rate mortgages decreased to 4.45 percent from 4.55.

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The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a jump of 21.7% in the group’s seasonally adjusted composite index for the.

"Mortgage rates were mostly unchanged from last week due to easing of trade tensions with Mexico. U.S. mortgage applications rise as loan rates fall – The Washington-based group’s seasonally adjusted index on mortgage activity increased 1.3% to 518.7 in the week ended june 21, propelled by a 3.2% rise in refinancing activity. Interest.

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Why Mortgage Refinancing Is Booming Again . Search form.. according to the Mortgage Bankers Association (MBA).. Applications to refinance increased 22 percent from the previous week, and are.

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"The average loan size increased once again to new highs for both purchase and refinance loans, as borrowers with – or seeking – larger loans tend to be more reactive to the drop in rates." The refinance share of mortgage activity increased to 40.4% of total applications, up from 39.2% the previous week.

Meanwhile, mortgage applications were down again. both purchase and refinance activity are above last year’s levels, with purchases now up year-over-year for the eleventh straight week,” said Bob.