U.S. mortgage activity picks up as loan rates tumble: MBA

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NEW YORK (Reuters) – U.S. mortgage applications edged up last week, led by a jump in requests for refinancing, as home borrowing costs fell to their lowest levels in nearly 17 months on worries about.

MBA. of mortgage strategy Walt Schmidt wrote in a research note. In late 2016, refinancing activity plummeted as mortgage rates surged to their highest in over two years. Home borrowing costs.

U.S. mortgage applications were little unchanged last week as a pickup in requests for loans to buy a home was offset by a fall in filings to refinance one, the mortgage bankers association said on Wednesday. The Washington-based industry group’s seasonally adjusted index on mortgage activity dipped 0.1% at 518.1 in the week ended June 28.

U.S. mortgage applications rose sharply last week, fueled by a surge in demand for home refinancing loans, as interest rates sank to their lowest in more than a year, an industry trade group said.

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The Washington-based group’s seasonally adjusted index on loan requests to buy a home and to refinance one rose 1.5% to 417.8 in the week ended May 31. Interest rates on 30-year fixed-rate "conforming" mortgages or loans whose balances are $484,350 or less decreased to 4.23%, which was the lowest since January 2018. A week ago, they averaged 4.33%.

MBA: Economic Uncertainty Slows Purchase Application Growth This is arguably the most important business sector when it comes to employment opportunities and growth, right along side the. for a considerable time after the asset purchase program ends and the.

U.S. mortgage activity picks up as loan rates tumble: MBA – NEW YORK (Reuters) – U.S. mortgage applications edged up last week, led by a jump in requests for refinancing, as home. Mortgage applications fall as higher rates chill buyers – Thirty-year fixed mortgage rates are at their highest level in over a month, and home buyers are.

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U.S. mortgage activity picks up as loan rates tumble: MBA U.S. mortgage applications edged up last week, led by a jump in requests for refinancing, as home borrowing costs fell to their lowest levels in nearly 17 months on worries about trade tensions, the Mortgage Bankers Association said on Wednesday.

NEW YORK, June 5 (Reuters) – U.S. mortgage applications edged up last week, led by a jump in requests for refinancing, as home borrowing costs fell to their lowest levels in nearly 17 months on.