Sentences with phrase «refinance applications drop»

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Most of the drop stemmed from a continued reduction in refinance activity, but applications to purchase a home also fell.

Loan application volume has dropped sharply in recent months, largely due to a decline in refinancing activity.

Last week's decline reflected a 5.2 % drop -LRB--38.4 % y / y) in applications to refinance an existing loan.

Loan application volume has dropped sharply in recent months, largely due to a decline in refinancing activity.

The refinance portion of total mortgage applications reached its lowest levels in ten years after dropping to 36.3 % from 36.5 % a week ago.

May 17, 2018 - Refinance Applications Drop Amid General Decline in Mortgage Applications A report released by the Mortgage Bankers Association yesterday shows that US mortgage applications to refinance existing home loans dropped to their lowest level in Refinance Applications Drop Amid General Decline in Mortgage Applications A report released by the Mortgage Bankers Association yesterday shows that US mortgage applications to refinance existing home loans dropped to their lowest level Applications Drop Amid General Decline in Mortgage Applications A report released by the Mortgage Bankers Association yesterday shows that US mortgage applications to refinance existing home loans dropped to their lowest level Applications A report released by the Mortgage Bankers Association yesterday shows that US mortgage applications to refinance existing home loans dropped to their lowest level applications to refinance existing home loans dropped to their lowest level in refinance existing home loans dropped to their lowest level in a decade.

Mortgage News Refinance loan applications dropped for 3rd week in a row, equity loan inquires spiked 12 % according to a survey of 2nd mortgage lenders.

FHA refinance application volume has dropped significantly from the previous year, mostly because millions of borrowers have already been turned down.

• Mortgage Applications Reflect Housing Trouble: No surprise here: Mortgage apps dropped 6.2 % with similar declines in both the refinancing and purchase activity components.

Following the drop in rates after the Brexit vote in June, refinancing applications rose to the highest level since January 2015.

Loan application volume has dropped sharply in recent months, largely due to a decline in refinancing activity.

Requests for mortgages for home purchases dropped 8.4 percent, while applications for refinancing rose 0.8 percent.

«Following the Federal Reserve's taper announcement, mortgage application volume dropped again last week, with rates increasing and refinance application volume falling to its lowest level since November 2008,» Mike Fratantoni, MBA's vice president of research and economics, said in a statement.

Fratantoni continued, «Although total application volume dropped on an adjusted basis relative to last week, refinance volume remains high, with survey participants reporting that the expanded Home Affordable Refinance Program (HARP) contributed to roughly 10 percent of their refinance activitrefinance volume remains high, with survey participants reporting that the expanded Home Affordable Refinance Program (HARP) contributed to roughly 10 percent of their refinance activitRefinance Program (HARP) contributed to roughly 10 percent of their refinance activitrefinance activity.»

The holiday adjusted numbers may overstate the level of refinance applications because some lenders who rely primarily on the internet / consumer direct channel for originations saw little if any decline in applications for Labor Day as compared with the drops for lenders relying on retail offices, perhaps because borrowers had additional time over the Labor Day weekend to complete online refinance applications.

«Refinance applications rallied last week on a 3 basis point drop in mortgage rates to the lowest level since May 2013.

Applications to refinance dropped 5 percent for the week and are now 11 percent lower than a year ago, when rates were lower.