Tag Archives: refinance activity

30-year mortgage rate inches down to 4-week low

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Mortgage rates have dropped to an average of 6.30 percent, renewing hope in a more active spring homebuying season. Continue reading →

Mortgage applications plummeted more than 10% last week

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Higher rates and overseas conflicts appear to be weighing on the lending industry, raising concerns about the upcoming spring. Continue reading →

‘Signs of deceleration’ bedevil US home prices

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Home price growth continued to slow in August as buyers expressed trepidation over the economy, despite a healthy supply of inventory and lower mortgage rates, the FHFA and S&P Dow Jones Indices reported. Continue reading →

Homebuyers still have jitters about the economy and job market

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Mortgage rates have stabilized and more inventory is coming online, but applications for purchase loans fell by a seasonally adjusted 6 percent last week compared to the week before. Continue reading →

Dip in mortgage rates doesn’t do much to excite homebuyers

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While purchase loan demand was still up 18 percent last week from a year ago, some of that demand may not translate into sales, with Redfin reporting an unusual bump in cancelled purchase contracts. Continue reading →

Mortgage applications reach highest volume since 2013

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The Mortgage Bankers Association announced Wednesday that the Market Composite Index reached its highest level last week since May 2013. Continue reading →