Sentences with phrase «application volume dropped»
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 activity.»
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«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.
Overall mortgage application volume dropped 3.3 percent on seasonally adjusted data last week compared to previous weeks.
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Loan application volume has dropped sharply in recent months, largely due to a decline in refinancing activity.
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The MBA's market composite index, which measures loan application volume, dropped 7.2 % on a seasonally adjusted basis last week.
Loan application volume has dropped sharply in recent months, largely due to a decline in refinancing activity.
California mortgage brokers reported a slight drop in second mortgage rates and the volume for home equity loan applications increased slightly for this period.
FHA refinance application volume has dropped significantly from the previous year, mostly because millions of borrowers have already been turned down.
Loan application volume has dropped sharply in recent months, largely due to a decline in refinancing activity.