Mortgage applications jump 21.7% on refinancing activity

The refinance share of mortgage activity increased to 47.4% of total applications, up from 40.4% the previous week. The adjustable-rate mortgage (arm) share of activity increased to 9.5% of total applications. The average rate for 5/1 ARM, based on contract signings, remained unchanged at 3.77%.

 · Mortgage Applications Jump This Week.. The Mortgage Bankers Association reported today that mortgage applications for refinances and originations jumped up by 23.1%. This is a consecutive increase in mortgage application activity since the New Year began when the application volume recorded showed a 4.5% increase after the holidays.

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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.

U.S. mortgage applications jumped to their highest level in more than 2-1/2 years last week, led by a surge in refinancing activity, as some home borrowing costs tumbled to their cheapest level since.

Mortgage Applications Rise as Loan Rates Fall; The Washington-based group’s seasonally adjusted index on mortgage activity increased 1.3% to 518.7 in the week ended June 21, propelled by a 3.2% rise in refinancing activity.

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.

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Mortgage Applications;. cooling of rate refinance activity, a 2-percentage point jump in the 30-year rate that occurred from the third to the fourth quarter in 1994. The dollar volume of.

 · Mortgage applications fell 3% from last week due to rising mortgage rates The purchasing index increased 2% from last week, 16% higher than it was the same week a year ago Refinancing activity.

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MBA: Mortgage Applications Jump Up 26.8% refinance index rose 47% over the same period, while purchase applications rose 10%.. The adjustable-rate mortgage (ARM) share of activity rose to 7.9%.

Refinancing Activity Ups Mortgage Applications 21.7%. in. Fratatoni frames the jump in mortgage applications around buyer interest in conforming jumbo loans ahead of an October 1 expiration.

U.S. mortgage applications edged up last week, led by a jump in requests for refinancing, as home borrowing costs fell to their lowest levels in nearly 17 months on worries about trade tensions.

 · Applications for new mortgages rose slightly last week even though mortgage loan rates on a 30-year conventional loan have fallen to levels not seen since September 2017.