Refinance application share hits eight-year low: MBA

Refinance application share hits eight-year low: MBA

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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.

Mortgage application volume rose 17.7 percent this week compared to one week earlier, according to the latest data from the Mortgage Bankers Association. That. MBA nationwide commercial mortgage.

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The Mortgage Bankers Association said its seasonally adjusted index of mortgage application. The refinance share of total mortgage activity slipped to 62 percent from 63 percent the prior week..

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According to the MBA’s latest Weekly Mortgage Applications Survey, the refinance share of mortgage activity declined to 44% percent of total applications, the lowest that figure has been in more.

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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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Eric Weisbrot Eric Weisbrot is the chief marketing officer of JW Surety Bonds. Eric has years of experience in the surety industry and has held several different roles within the company. He is also a contributing author to the surety bond blog. In this article.

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