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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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 September 2017, the Mortgage Bankers Association said on Wednesday.
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The refinance share of total mortgage applications expanded to 49.8% from 42.2% the prior week. The group’s gauge on applications for home purchases, which is seen as a proxy on future housing activity, grew by 10% to 278.4, the highest level since the week of April 12.
REUTERS/Lucy Nicholson/File Photo Reuters NEW YORK (Reuters) – U.S. mortgage applications edged up last week, led by a jump in requests. interest to refinance among homeowners. MBA’s seasonally.
Mortgage activity rose across the U.S. last week as mortgage rates continued along their downward trend.. Mortgage apps jump as rates keep falling. Refinance applications were up 9 percent.
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The benchmark 30-year fixed-rate mortgage averaged 4.22% during the week ending. What’s more surprising, perhaps, is that more Americans are also trying to refinance. Refi application activity over.
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That is its highest level since February and came after a 23 percent jump the previous. also be adding to activity. The refinance share of mortgage activity increased to its highest level since.
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 jump to highest since September 2016: MBA – 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.
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%.
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