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.
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U.S. mortgage activity picks up as loan rates tumble: MBA 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, the Mortgage Bankers Association said.
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"Refinance application activity increased the most among jumbo loan sizes. with some lenders quoting as low as 3.625 percent. While the weekly jump is significant, mortgage application volume is.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase. about 125 basis points higher last year. The.
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%.
both purchase and refinance applications surged, driven mainly by these lower rates. The refinance index jumped 47% to its highest level since 2016.” The refinance share of mortgage activity rose to.
Overall refinances accounted for nearly half of all mortgage applications. the Urgency But refinancing wasn’t the only area to see a jump last week. According to the MBA, purchase loans were also.
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Mortgage Applications in U.S. Jump 3.0 Percent in Early August. Residential News Denver Edition | By WPJ Staff. The refinance share of mortgage activity increased to 46.7 percent of total applications from 45.5 percent the previous week. The adjustable-rate mortgage (ARM) share of activity.
Mortgage rates dropped again for most loan types, which led to an increase in refinance activity, partly driven by a 9 percent jump in VA applications," said Joel Kan, MBA’s Associate Vice President.
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NEW YORK (Reuters) – U.S. mortgage applications edged up last week, led by a jump in requests for. borrowing costs revived interest to refinance among homeowners. MBA’s seasonally adjusted gauge on.
WASHINGTON – Mortgage applications continue to rise, reflecting a jump in refinancing and more. Lower rates are also supporting refinancing, typically a source of extra cash for consumers. "Housing.
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