Weekly mortgage applications fall as interest rates rise to highest level in a month

Mortgage Activity Hits 2-Month High as Interest Rates Fall; The Washington-based group’s seasonally adjusted index on mortgage applications increased 1.6 percent to 346.0 in the week ended Dec. 7. This was the strongest reading since the week of Oct. 5 when it was 346.7.

Weekly mortgage applications fall as interest rates rise to highest level in a month. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of up to $424,100 increased to 4.11 percent from 4.04 percent, with points remaining constant at 0.40, including the origination fee,

Mortgage applications rise 1.6% as interest rates drop to lowest level since September  · Mortgage applications slumped last week as interest rates on 15- and 30-year fixed-rate mortgages rose for the first time in six weeks, data from an industry group showed on Wednesday.

Mortgage rates. March 19th’s rates were the lowest in more than a year at the time. So what’s going on? In general, the month of March saw the confluence of 2 great things for rates. Not only was.

Refinance applications increased, with activity reaching its highest level in a month, driven mainly by FHA refinance applications.. As Kan said, interest rates rose for all mortgage products during the week, increasing. MBA's Weekly Mortgage Applications Survey been conducted since 1990 and covers.

Weekly mortgage applications drop as rates rise and homebuyers pull back Interest rates surged last week to their highest level in a month, and consequently home buyers turned on their heels. #mariesellsdallas #realestate #homesforsale #housing #interestrates #mortgage

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Mortgage rates took a big jump this week, to their highest point in a year. There’s no single explanation for the rise. The benchmark 30-year fixed-rate mortgage rose 35 basis points, to 6.77.

Total mortgage application volume slipped 2.5 percent from the previous week and 12 percent from a year ago, according to the Mortgage Bankers Association’s seasonally adjusted report. While homebuyers are less sensitive to weekly rate moves, mortgage applications to buy a home fell for the third straight week to the lowest level in a month.

A jump in mortgage interest rates had the biggest effect on applications to refinance a home loan. Those applications fell 4 percent for the week and are 36 percent lower than a year ago, when interest rates were nearly half a percentage point lower.