Sentences with phrase «refinancing volume»

However, refinance volume reversed course last week, increasing 7 percent for the week.

Mortgage rates are expected to hit 4.5 % by the end of the year, which is projected to refinance volume down as expected.

The net dollars of home equity converted to cash as part of a refinance of a conventional, prime - credit home mortgage was an estimated $ 7.5 billion in the U.S. during the second quarter, similar to the first quarter level, but substantially less than during the peak cash - out refinance volume of $ 83.7 billion during the second quarter of 2006.

During the first quarter of this year an estimated $ 10.9 billion net of home equity were converted to cash during the refinance of conventional prime - credit home mortgages, down from $ 11.0 billion in the fourth quarter of 2015 and substantially less than during the peak cash - out refinance volume of $ 84.0 billion during the second quarter of 2006.

While industry experts are expecting interest rates to continue an upward trend, temporary rate drops can trigger short - term spikes in refinance volume, which lenders must manage with existing resources.

Steady purchase transaction volume and lower refinance volume could mean that mortgages rates may adjust in a more gradual fashion.

«HARP volume continued to grow as a share of total refinance volume, reaching roughly 30 percent of refinance activity in the last two weeks.

Mortgage refinance volumes for cash out loans have been on the rise in 2008.

«As refinancing volumes are on the decline, consumers contemplating purchasing a home are likely to have multiple lenders competing for their business,» says Craig Martin, director of financial services practices at J.D. Power.

The MBA also forecasts refinance volume will decline by 30 % in 2018.

As the record refinance volumes in the past two years indicated, many homeowners in America saw the low rates as once - in - a-lifetime opportunity, and many were willing to pay thousands of dollars in out - of - pocket closing costs to take advantage of the low rates.

But last week refinancing volume rose 4 percent higher to nearly 46 percent of total applications, according to the MBA.

The Mortgage Bankers Association predicts refinancing volumes will come in at about $ 425 billion this year, the lowest level since 2000 and down almost 60 per cent from 2016.

«The enhancements to HARP announced in October, such as removing the maximum loan - to - value limit, are beginning to show up in additional refinance volume during the first quarter.

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.»

«Purchase volume did not pick up, while refinancing volume dropped and costs continued to rise.

The increase was mostly due to increased credit availability through the government - sponsored enterprise (GSE) and government channels, thanks to higher interest rates and lower refinance volumes.

HARP volume continued to grow as a share of total refinance volume, reaching roughly 30 percent of refinance activity in the last two weeks.

In the first quarter, an estimated $ 5.3 billion in net home equity was cashed out during the refinance of conventional prime - credit home mortgages, down from $ 7.0 billion in the fourth quarter and substantially less than during the peak cash - out refinance volume of $ 83.7 billion during the second quarter of 2006.

Given the record - breaking mortgage refinance volume we have seen in the past two years, it is highly possible that many homeowners do not want to sell and give up their current low monthly payment.

Only 12 states had a decrease in home purchase activity in December, while every state in the US saw an increase in refinance volume.

Refinance volume hasn't moved much in the last several months, signaling it may have hit a floor.

Refinance volume has been falling dramatically since rates spiked following the presidential election.

This extremely low mortgage rate should support solid home sales and refinancing volume this summer.»

Refinancing volume this year has plummeted to a 10 - year low, down as much as 39 % in the first quarter of 2017 versus before the Fed started raising rates in December.

Still, the Mortgage Bankers Association is predicting mortgage - purchase volume to grow about 5 percent this year, but they predict that refinancing volume will plunge 27 percent.

Refinancing volume is 33 percent lower than the same week a year ago, the MBA reports.

While home purchases will increase next year, higher interest rates will reduce the refinance volume pushing overall mortgage originations lower in 2016 than in 2015.

The peak in cash - out refinance volume was $ 84 billion during the second quarter of 2006.

This increase was mainly driven by credit expansions within both the government - sponsored enterprise (GSE) and government channels, thanks to higher interest rates and lower refinance volumes.