Mortgage Applications On The Rise Again » Mortgage Masters Group

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Mortgage applications volume rose on the same week that global interest rates hiked. In its latest report, Mortgage Bankers Association ‘s weekly mortgage applications survey reported an overall increase of 1.4 percent in total mortgage applications from the week prior.

Mortgage rates dropped again for most loan types, which led to an increase in refinance activity, partly driven by a 9% jump in VA applications,” said Joel Kan, MBA’s associate vice president of.

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As a result, new mortgage applications. rise in December! Of course, they were also ebulliently predicting a warm spring market for 2019 and recently were forced by facts to temper their.

Refinancing applications jumped 22 percent for the week ended Jan. 16, after surging 66 percent the previous week, according to the Mortgage Bankers Association, a trade group in Washington. but.

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The average interest rate for a 15-year fixed-rate mortgage rose from 3.42% to 3.48%. The contract interest rate for a 5/1 adjustable-rate mortgage loan increased from 3.56% to 3.58%.

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Middle East fuels a drop in mortgage rates.. Home loan borrowers got a reprieve this week as mortgage interest rates dipped again, and inflation appears to be on the rise.

The group’s seasonally adjusted measure on total mortgage applications rose to 379.2, up 5.8 percent from the prior week. Reuters copy/ TRUNEWS summary. Share This!