Weekly mortgage applications rise 3.6%, a sign of hope for the spring homebuying season

On an unadjusted basis, the index increased 5% from last week. The Refinance Index jumped 7% from the previous week. The Purchase Index also increased, rising 3% from last week. The refinance share of mortgage activity increased from last week’s 38.5% to 39.4% of total applications.

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A slight rise in interest rates caused a pullback in mortgage demand last week.. Weekly mortgage applications fall, but hint at who is buying homes today. despite more homes coming onto the.

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The biggest boost came from applications to refinance a home loan, which are far more sensitive to weekly interest rate moves. The 30-year fixed rate was essentially unchanged at 4.66 percent.

 · A lot of people talk about the spring being the most popular home buying season. But with the markets being crazy across the country during the summer, summer has become the time for people to find their dream home.

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Weekly mortgage applications rise 3. 6%, a sign of hope for the spring homebuying season (606) orchid insurance appoints managing director of corporate development (533) The FCA’s report into insurance pricing is deeply troubling (513) Key considerations in the investor property/REO insurance market (464) Hello world! (454)

Mortgage application volume increased 3.6 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications to purchase a home increased 2 percent for the week – the first uptick in a month – a sign of optimism in the housing market.

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