Sentences with phrase «refinancing applications continued»

Purchase applications rose by 1.0 percent, but refinancing applications continued to decline and are now at a 2 - year low after decreasing by 4.0 percent.

«Refinance applications continued to wane, falling by nearly 3 percent and comprising the lowest share of refinance applications in our survey since October of 2008.

Not exact matches

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

By the fourth quarter, the MBA predicts the refinancing share will continue to decline until it accounts for only 40 percent of home mortgage application volume.

High interest rates continue to decrease the demand for refinancing loans, leading to a decrease in mortgage applications.

Refinance loans now account for 75.1 percent of applications, continuing the volume slide.

With almost half a million families taking advantage of our enhanced Home Affordable Refinance Program — standing to save on average $ 2,500 per year — and more than 51,000 applications for the FHA Streamline Refinance Program in the first ten days following the recent premium changes, it's clear that the Administration's efforts continue to provide significant positive benefits.»

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.»