Refinance application share hits eight-year low: MBA

But mortgage rates continue to increase. The Refinance Index dropped 4% from the previous week, the lowest since December 2000. The Purchase Index also decreased, falling 3% from last week, but is still 3% higher from this time last year. The refinance share of mortgage activity decreased from last week’s 35.9% to 35.7% of total applications, still its lowest level since September 2008.

“Purchase applications hit their highest numbers since 2010, and refinance applications up to their highest level since last spring,” said Mike Fratantoni, MBA SVP and Chief Economist. The refinance.

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.

Total mortgage application. purchase transactions," MBA economist Joel Kan said. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less).

U.S. mortgages in foreclosure hit decade-low in first quarter – MBA. U.S. mortgages in foreclosure hit decade-low in first quarter – MBA. Storage Program;. The share of home loans in foreclosure was 1.39 percent in the first three months of 2017, down 14 basis points from the fourth.

MBA – Mortgage Bankers Association of America. The Refinance Index covers all mortgage applications to refinance an existing mortgage. It is the best overall gauge of mortgage refinancing activity.

Refinance application share hits eight-year low: MBA Miles Contents Stats show mortgage applications Revenue dip flags Rapidly growing disney crowds Mortgage bankers performance Application volume for homebuyers was.

Mortgage rates rise again, but shouldn’t affect home buying Bankrate’s interest rate forecast predicts borrowers will pay more while savers will be rewarded.. home buying guide. The 10-year Treasury yield – which mortgage rates tend to follow.Austin Kilgore The Kilgore Bulldogs came up just short of a trip to the UIL State Baseball Tournament a year ago, but this time around coach Eugene Lafitte and the diamond dogs punched their ticket to the big dance.

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.

Foreclosure activity is at the lowest level in over a decade All major regions except for the West saw a significant hike in sales activity last month. next year could further cut into affordability if these staggeringly low supply levels persist," said Yun..

The share of refinancing requests versus total applications shrank to 41.5% from 44.1% the week before. MBA’s seasonally adjusted gauge on overall mortgage application activity decreased 3.5% to.

Why that great mortgage rate offer might not apply to you Nottingham Building Society is giving home buyers £1,000 to take out a mortgage – Also keep in mind that lenders will only offer the lowest rates to those who have the best credit scores so you’re not. here’s why and how you can afford to do it. If you don’t want to give your.

The number of mortgage applications fell 3.2 percent last week from the previous week as mortgage rates hit an eight-year high.. The MBA also noted the stock market's recent roller-coaster ride has unsettled some.

mortgage activity hits one-month low: MBA; The Washington-based group's. mortgage applications for home purchase and refinancing declined by 3.3%. The refinance share of mortgage activity decreased to 39.7 percent of total. The average contract interest rate for 30-year fixed-rate mortgages with.