Application volume is flat as refinance activity slows

The 15-year fixed-rate average was also flat. of total loan application volume – decreased 0.5 percent. The refinance index fell 4 percent, while the purchase index increased 3 percent. The.

The refinance share of mortgage activity decreased to 47.8 percent of total applications, its lowest level since August 2017, from 49.4 percent the previous week. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) increased to its highest level since March 2017, 4.41 percent.

Mortgage app volume grows along with refi activity share.. application activity in a week that also saw an increase in application volume, according to the Weekly Mortgage Applications Survey.

Mortgage Volume Slows as Applications Decline. The average contracted rate on a fixed 30-year mortgage rose to 4.8% for the week from 4.77% the previous week on an 80% loan-to-value mortgage. Interest rates on an average 15-year fixed rate loan declined to 4.12% from 4.16% the prior week. Rates are expected to remain low through.

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With refinance activity rising to its highest level in three years, mortgage application volume increased 26.8% from one week earlier, according to the Mortgage Bankers Association.

Rising mortgage rates squeeze U.S. refinancing activity. The Washington-based group said its index on refinancing applications fell 2.9 percent to 1,288.0 in the week ended Jan. 26 as average interest rates on 30-year mortgages rose to their highest level since March. Home refinancing is seen a source of cash which homeowners can tap into.

Weekly mortgage applications remained relatively flat last week compared to the previous week amid record-low U.S. mortgage rates, according to data released Wednesday by the Mortgage Bankers.

Is Refinancing Right For You?| Paying Off Debt | Aja Dang  · "While indebtedness of Canadian households remains elevated, growth in the volume of mortgage activity slowed in the last quarter of 2018, partly reflecting lower housing market activity," said Geneviève Lapointe, senior market analyst at CHMC.

 · The market composite index – a measure of total loan application volume – decreased 0.5 percent. The refinance index fell 4 percent, while the purchase index increased 3 percent. The refinance share of mortgage activity accounted for 50.8 percent of all applications.

Mortgage applications increased sharply from the previous week, ending June 5, 2015. According to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, applications were up almost eight and a half percent from the prior week. The results were adjusted accordingly for the Memorial Day holiday, which was Monday, May 25 th, 2015.

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