Mortgage Applications Jump in MBA Weekly Survey .. Kan noted with the 30-year fixed-rate mortgage at a nearly two-year low, purchase activity was more than 10 percent higher than a year ago. "Demand is still relatively strong, but there is likely some restraint from prospective buyers, driven.
· The adjustable-rate mortgage share of activity fell to 7% of total applications. The Federal Housing Administration share of mortgage apps slid from last week’s 10.4% to 10.1%, and the Veterans Affairs’ share of applications fell slightly to 10.1% from 10.4% last week.
NEW YORK (Reuters) – U.S. mortgage applications edged up last week, led by a jump in requests for refinancing. Last week, benchmark 10-year yields tumbled nearly 19 basis points, marking their.
The DIFFERENCE is nearly $100,000.00 dollars over the life of the loan. Also, keep in mind that all FHA purchase loans with less than 10% down payment retain the Mortgage insurance for the life of the loan, even after your LTV has dropped below 80%.
The benchmark 30-year fixed-rate mortgage averaged 4.22% during the week ending February 1, Freddie Mac said Thursday. That was up 7 basis points from the prior week and leaves rates nearly..
Mortgage interest rates are stuck near recent highs and beginning to rise again, further weakening home affordability. Mortgage applications. to jump out of the bond market, pushing yields higher..
· The group’s gauge on applications for home purchases, which is seen as a proxy on future housing activity, grew by 10% to 278.4, the highest level since the week of April 12.
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· December mortgage applications jump nearly 8 percent by Kelly McCabe January 22, 2018 A new report from the mortgage bankers association shows that mortgage applications in 2017 increased 7.1 percent from 2016, including a 7.8 percent hike in December to close out the year.
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· Wells Fargo’s Earnings Rise 10%, Slightly Ahead of Estimates. Wells Fargo annual earnings exceeded the $17.9 billion annual profit jpmorgan chase posted on Tuesday. With $1.5 trillion in assets, Wells Fargo is significantly smaller than JPMorgan, the nation’s largest bank with $2.4 trillion in.
Strong job growth is back: Payrolls jump in June well above. The average rate was nearly three-quarters of a percentage point lower one year ago. Mortgage applications to purchase a home increased.
as refinances rebounded almost 10 percent. Meanwhile, purchase applications increased two percent over the prior week but were still four percent lower than two weeks ago – a sign that both the jump.