Mortgage Applications Decline Further, High Costs Constraining Home Sales Apr 14 2021, 8:10AM
Higher
interest rates drove the volume of mortgages applications lower again last
week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a
measure of that volume, decreased 3.7 percent on a seasonally adjusted basis during
the week ended April 9. On an unadjusted basis, the Index was
down 3 percent
compared with the previous week.
The
Refinance Index was 5 percent lower week-over-week and 31 percent below its
level during the same week in 2020. The refinance share of mortgage activity
decreased to 59.2 percent of total applications from 60.3 percent the previous
week. The seasonally adjusted
Purchase Application Volume up for Fourth Consecutive Week mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.
Mortgage Applications Decrease 1%: MBA inman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inman.com Daily Mail and Mail on Sunday newspapers.
Mortgage applications increased 16.7% from one week earlier to their highest level in 10 months, although rates rose in expectation of additional government pandemic relief, according to the Mortgage Bankers Association.
Mortgage applications slow down during holiday season nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.