Mortgage applications drop for second consecutive week

Mortgage rates this week. At the current 15-year fixed rate, you’ll pay $745.21 each month for every $100,000 you borrow, down from $747.23 last week. At the current 5/1 ARM rate, you’ll pay $484.36 each month for every $100,000 you borrow, down from $487.27 last week.

Mortgage applications decreased for the second consecutive week, falling 1.9% from last week, according to data from the Mortgage Bankers Association’s Weekly mortgage applications survey for the week ending April 6, 2018. On an unadjusted basis, the index decreased 1% from last week. The Refinance Index fell 2% from the previous week.

Home resales drop for second consecutive month.. Friday’s report follows news this week that sales of newly built homes hit a record low in January and that mortgage applications plunged to.

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Taking a look at category details, energy prices were down 5.4% in the second consecutive 5% drop. There was also a 0.1% downturn in the price of services and a 0.3% dip in trade services pricing for the retail and wholesale areas.

Since January 2019, the homebuilding market has shown signs of recovery after a disappointing second. Mortgage Applications Survey. The Refinance Index jumped 6% during the week. Sam Khater,

Mortgage application volume decreased for fourth consecutive week, falling 4.3% despite a drop in the average rate for a 30-year fixed rate mortgage to 4.42% from 4.46%, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. For the week ended April 26, applications for.

Pending home sales fell by more than expected in February Walter Investment’s emergence from bankruptcy is delayed Mortgage servicer walter investment Management Corp. has emerged from bankruptcy protection with a plan that reduces its debt by about $800 million. The Fort Washington, Pa., company, which.Pending home sales in the South rose 1.2% to an index of 129.4 in March and are now 3.9% above last March. The index in the West fell 2.9% in March to 94.5, and is now 2.7% below a year ago.

(Reuters) – U.S. mortgage lenders turned optimistic about profits in the second quarter for the first time. according to the Mortgage Bankers Association. The drop in mortgage rates had spurred.

Freddie Mac’s Mortgage Rate Survey Explained. Research Note: Freddie Mac’s Primary Mortgage Market Survey (PMMS) is the longest running weekly survey of mortgage interest rates in the United States. Since Freddie Mac launched its survey in 1971, others have begun collecting and reporting mortgage rate information.

Refinance Applications Drop for sixth consecutive week mar 28, 2012 WASHINGTON, D.C. (March 28, 2012) – Mortgage applications decreased 2.7 percent from one week earlier , according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 23, 2012.

. on mortgage applications Wednesday morning, noting a decrease of 9.2% in the group’s seasonally adjusted composite index. That followed a rise of 10.3% for the previous week. Mortgage loan rates.