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Mortgage applications jump 21.7% on refinancing activity

Mortgage Refinance and Debt Consolidation The refinance share of mortgage activity increased to 55.8 percent of total applications from 55.4 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 5.1.

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While refinances also increased on a holiday-adjusted basis, refinance activity was down 38 percent relative to a year ago when rates dove below 4 percent," Fisher continued. The refinance share of mortgage activity increased to 55.8 percent of total applications from 55.4 percent the previous week.

Mortgage applications continued their downward decline for the week ended April 8. The volume of applications filed fell 6.7% this past week as refinancing activity continued to decline, the.

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Mortgage applications jumped back up, following the drop during the Fourth of July holiday week. The Refinance Index led the increase in applications, climbing 13% from the previous week. However.

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Some 6.8 million borrowers currently could benefit from a refinance, according to analysis by Black Knight, a mortgage. in applications over last year, according to Chief Executive Jeremy Sopko..

The refinance share of applications was down to 37.9%, its lowest since November 2018. The adjustable-rate mortgage (ARM) share of activity increased to 6.4% of total applications.

Mortgage applications jump:. its seasonally adjusted index of mortgage application activity increased 7.3 percent to 706.4 in the week ended Jan. 28, after decreasing 3.6 percent in the MBA’s.

Mortgage applications jump Industry group says mortgage activity surged 16.4% last week as consumers took advantage of low interest rates.. The MBA said refinancing applications jumped 18.2%.

U.S. mortgage applications surged to their highest level in four months in the latest week, fueled by soaring demand for home loan refinancing as interest rates plunged, an industry group said on.

Mortgage Applications Jump in MBA Weekly Survey .. The refinance share of mortgage activity increased to 49.8 percent of total applications from 42.2 percent the previous week. The seasonally adjusted Purchase Index increased by 10 percent from one week earlier. The unadjusted Purchase Index.

The four-week moving average of mortgage applications, which smoothes weekly volatility, was down 9.0%. Weekly refinancing activity plunges Celia Chen, senior director of housing economics at Moody’s.

. week but were still 4% lower than two weeks ago – a sign that both the jump in mortgage rates and tight inventory continue to hold back application activity.” The refinance share of mortgage.

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