The adjustable-rate mortgage (ARM) share of activity increased to 5.7 percent of total applications. The FHA share of total applications decreased to 10.7 percent from 11.4 percent the week prior. The VA share of total applications decreased to 10.1 percent from 10.9 percent the week prior.
Mortgage applications tick up Mortgage applications rose marginally over the week after an uptick in refinancing activity, the Mortgage Bankers Association (MBA) reported. Through June 16, MBA’s composite index was up 0.6 percent from the prior week on an adjusted basis.
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Today’s economic calendar includes MBA Mortgage Applications 7:00 AM ET, ADP (NASDAQ: ADP) Employment Report 8:15 AM ET, Nasdaq Up 2.6% As Fed Talks Lower Rates. Add a Comment.
When more people move into bonds, the yields decrease. Meanwhile, mortgage applications were up last week, according to the latest data from the Mortgage Bankers Association. The market composite.
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US MBA mortgage market data week ending 26 January 2018 Mortgage market index 413.4 vs 424.4 prior Purchase index 255.5 vs 264.4 prior Refi index 1288.0 vs 1325.8 prior 30yr mortgage rate 4.41% vs 4.3
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Year-over-year, producer prices are up 2.6% (vs +2.8% in August) and core producer prices have risen 2.5% (vs +2.3% in August). The key takeaway from the report is that producer prices climbed in September without a contribution from prices for final demand energy, which fell 0.8%.
Adjustable-rate mortgage (ARM) applications accounted for 6.1% of total applications, an increase from the previous 5.7% share. The share of FHA applications dropped to 10.4% from 10.7%, while the.
New York, New Jersey and Florida remain the top three states for the risk of mortgage fraud as fraud on mortgage applications ticks up nationally. One in 109 applications contained fraud in the second.
MBA: Mortgage applications fall as mortgage rates tick up The Market Composite Index retreats 5.6%. In what may be a sign of just how sensitive borrowers are to fluctuations in mortgage rates, the Mortgage Bankers Association revealed mortgage applications declined further for the week ending on April 5, 2019, following a slight uptick in mortgage rates.
We expect May existing home sales to grow from April unrevised figure – chipping away at the year-over-year deficit that has persisted since March 2018 caused by declines due to climbing mortgage rates, poor stock market performance and fears of a slowing economy.