Mortgage applications tumble 12.9% as refinancing activity falls 15.3%

Refinance mortgage rate falls for Friday . Claes Bell. July 6, 2018 in Refinancing. Share. Shutterstock.com. Refinance rates were mixed, but one key rate were down.

Not surprisingly, mortgage applications jumped. Applications for a new mortgage rose by 3.3% for the week ending September 1. An index of refinancing activity increased 5% from the prior week.

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The mortgage refinance boom was short-lived. The rebound in interest rates has slowed borrowers seeking to refinance their mortgages, CNBC reported.. The number of mortgage applications for the.

Mortgage application volume falls 2% last week even as purchase applications rise to the highest level of the year.. Mortgage Activity Falls, Purchase Applications Rise.. but refinance.

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Mortgage Applications Tumble Again as Rates Keep Climbing. The refinance share of total mortgage activity fell to its lowest level since July 2011 at 68 percent of applications from 71 percent.

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MORTGAGE APPLICATIONS: REFINANCING INDEX (4-week average, sa) Source: Mortgage Bankers Association. yardeni.com figure 4. mba Mortgage applications survey page 2 / June 18, 2019 / Mortgage Applications & Mortgage Rates www.yardeni.com Yardeni Research, Inc.

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In fact, the refinance share of mortgage activity increased to 52.6 percent of total applications from 50.1 percent the previous week, the highest level for refinancing since April 2004.

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