MBA: New home purchase applications slip back down

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Applications to refinance a home loan brought the total down, falling. loan sizes dropped back closer to normal levels," said Joel Kan, MBA’s associate vice president of economic and industry.

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an MBA economist. "The refinance share of all applications dropped to 41.8 percent, its lowest share since May 2017 as we move further into a purchase-dominated market." Applications to refinance a.

The Mortgage Bankers Association’s index of mortgage applications increased by 3.8 percent on a seasonally adjusted basis last week, with refinances rising 5 percent and purchase applications also increasing 2.4 percent.. with purchase applications rising 9.3%.. New home sales down 13.4%.

Key stats were limited to March existing home sales and new. MBA, mortgage rates are up by 10 basis points over the last few weeks to hit the highest level in a month. Refinance applications.

MBA: New-home sales fall in December. Homebuyers stepped back from the market for new homes in December, the Mortgage Bankers Association (MBA) reported. MBA’s index charting new-home mortgage purchase activity fell 13 percent over the November level, and was down 6.1 percent year over year, the trade group said.

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Posted To: MND NewsWireApplications for financing new home purchases slipped in June in spite of the continued easing of mortgage interest rates. The Mortgage Bankers Association (MBA) said its Builder Application Survey (BAS) shows mortgage applications for new home purchases increased 17.9 percent compared from a year ago but were down 14 percent from the previous month.

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[Know your mortgage options when searching for a new home] Friday’s employment data is more likely. push bond yields and mortgage rates lower. Meanwhile, mortgage applications were down again..