On Wednesday, the Mortgage Bankers Association said home mortgage
refinancing applications rose 2 percent, to a level not seen since April 19, 2009.
Following the drop in rates after the Brexit vote in June,
refinancing applications rose to the highest level since January 2015.
Refinance applications rose to 18.2 percent, also seasonally adjusted, and the highest rate for refinance applications since mid-May.
Not exact matches
Applications to
refinance a home loan, which usually fall when rates
rise, eked out a 1 percent gain for the week and were nearly 2 percent higher than a year ago, when interest rates were lower.
Rejection rates
rose for credit limit increases and auto loans from June, but declined for mortgage
refinancing applications.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage
application activity, which includes both
refinancing and home purchase demand,
rose 9.4 percent in the week ended February 28.
Refinance applications made up the bulk of the total
applications,
rising to 64.3 % from 61.2 % the week earlier.
Meanwhile, MBA's seasonally adjusted gauge of
applications to
refinance an existing home loan
rose 3.3 percent to 1,345.5.
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 loan
applications increased 8.7 percent from the week before, while purchase loan
applications rose 6.7 percent.
Home
refinancing and purchase mortgage
applications rose and that is good news for mortgage brokers and lenders across the country.
Driving the
rise in mortgage
applications, the
refinance index increased 7 % from the previous week.
Source: «Mortgage
Application Volume
Rose 1.7 % Last Week - MBA,» Dow Jones Newswires (May 9, 2012) and «79 % of
Refinancing Home Owners Maintain or Reduce Mortgage Debt in First Quarter,» RISMedia (May 9, 2012)
But last week
refinancing volume
rose 4 percent higher to nearly 46 percent of total
applications, according to the MBA.
Requests for mortgages for home purchases dropped 8.4 percent, while
applications for
refinancing rose 0.8 percent.
Applications for mortgages rose 49 % last week, with refinancing applications more than doubling on an unadj
Applications for mortgages
rose 49 % last week, with
refinancing applications more than doubling on an unadj
applications more than doubling on an unadjusted basis.
Home purchase
applications rose this week while
refinance applications fell, following positive job market numbers.
Demand for mortgages on purchases of homes
rose for the third consecutive week last week while
applications for
refinancing decreased, according to The Mortgage Bankers Association's (MBA's) seasonally adjusted index of overall mortgage
application activity.
Total mortgage
applications — including for
refinances and home purchases — were essentially flat last week,
rising just 0.8 percent on a seasonally adjusted basis, despite mortgage rates at their lowest averages in a month.
The
rise in rates is projected to cause
refinance applications to fall.
While the
applications for
refinancing declined, the
applications for purchases index
rose by 1.0 percent.
Loan
applications for
refinancing and purchasing — a gauge for home loan requests — are both on the
rise, amid falling mortgage rates, the Mortgage Bankers Association reports.
Applications to
refinance home loans drove the volume,
rising 7 percent from the previous week, seasonally adjusted.