MBA: New home purchase applications slip back down

 · U.S. purchase mortgage activity hits 9-year high – MBA. NEW YORK (Reuters) – Applications to U.S. lenders seeking loans to buy a home climbed to their highest level in almost nine years last week even as mortgage rates increased for a second week, the Mortgage Bankers Association said on Wednesday. FILE PHOTO:.

Applications to refinance a home loan brought the total down, falling. loan sizes dropped back closer to normal levels," said Joel Kan, MBA’s associate vice president of economic and industry.

U.S. mortgage applications down 23% last week: MBA By. the Mortgage Bankers Association said Wednesday.. curbing some individuals’ appetite to buy a new home. The share of applications filed.

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The Mortgage Bankers Association (MBA. of new home sales was down in June after two of the strongest months in the survey’s history dating back to 2013, but remained higher than a year ago. The.

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MBA’s Builder Application Survey tracks application volume from mortgage subsidiaries of home builders across the country. Official new home sales estimates are conducted by the Census Bureau on a.

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After two strong months, applications to purchase newly-constructed homes retrenched a bit as broader policy issues weighed on consumers, according to the Mortgage Bankers Association. "Ongoing concerns about economic growth and trade policy likely kept some potential buyers out of the market despite lower mortgage rates," Joel Kan, the MBA’s associate vice president of economic [.]

View the latest mortgage applications data with charts for composite, A trend of declining purchase applications implies home buyer demand is shrinking.. but they moved back down today.

Last week, an index measuring mortgage home-purchase applications rose 5% from a week earlier and was 5% higher than the year-ago week, according to the Mortgage Bankers Association. "We saw a good week for the spring home buying season," MBA’s Joel Kan said in the report released on Wednesday.

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