Mortgage applications fall on declining refinance activity

“Refinance activity decreased over 6% and the refinance share of applications fell back below 50%. recently refinanced or.

Refinance activity fell 5 percent compared to the previous week, while purchase activity declined 2 percent.. Mortgage Applications Fall by 4.5%.. taking an 81 percent share of total.

The refinance share of mortgage activity fell again, continuing to drop past its lowest level since Sept. 2008. This week’s report shows refis made up 38.5% of total applications, down 1.6% from the.

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NEW YORK (Reuters) – U.S. mortgage applications to buy a home and to refinance one recorded their steepest weekly decline in four months as some. three-week period,” Fratantoni said. “Purchase.

Mortgage applications fall again The decline is the fourth in as many weeks. refinance share of mortgage activity down 1.1 percent to 49.0 percent of total applications. The adjustable-rate.

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U.S. mortgage applications to refinance a home increased to their highest level in 11 weeks as home borrowing costs declined to their lowest levels since November, the Mortgage Bankers Association.

The refinance share of mortgage activity decreased to 39.7% of total applications, down from 40.5% the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 6.6% of total.

Mortgage application activity was virtually flat from one week earlier, down just 0.1%, although there was a huge gain in Federal Housing Administration refinance volume, according to the Mortgage Bankers Association.

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The 22-basis point drop in mortgage rates per Freddie Mac, the largest one-week decline. applications activity, as mortgage rates fell for the fourth week in a row – with rates for some loan types.

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U.S. mortgage applications decreased last week as most home borrowing costs were unchanged to slightly higher, the Mortgage Bankers Association said on Wednesday. The Washington-based group’s seasonally adjusted index on loan requests, both to buy a home and refinance one, fell 2.4% to 505.8 in the

Though mortgage lending was up a big 38% from 2011, there will still thousands of declined mortgage applications. In fact, the top mortgage lender in the United States, Wells Fargo, denied 84,687 of the 399,911 home purchase applications it received (21.2% rejection rate), including those that were pre-approved, according to a Marketwatch analysis.

Mortgage applications posted their first decline in a month, according to the Mortgage. A decline in mortgage applications. the refinance share of mortgage activity down to 45.6% of total.