U.S. mortgage applications fall on higher rates, storms: MBA

Mortgage rates were flat this week despite long-term treasury yields reversing course. After dipping to 1.56 percent a week ago, the yield on the benchmark 10-year U.S. Treasury. was a spike in.

NEW YORK (Reuters) – U.S. mortgage applications decreased last week as most home borrowing costs were unchanged to slightly higher, the Mortgage Bankers Association said on Wednesday. The Washington-based group’s seasonally adjusted index on loan requests, both to buy a home and refinance one, fell 2.4% to 505.8 in the week ended July 5.

President Trump ordered U.S. firms to ditch China, but many.. Despite the rate drop, mortgage applications to refinance a home loan fell 7% for the week, although they were 88% higher than the same week one. are likely waiting for rates to fall even further,” said Joel Kan, MBA's associate vice president.

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T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless. Kan, an MBA economist. Mortgage.

NEW YORK, July 1 (Reuters) – U.S. mortgage applications. allowing rates to fall. The MBA’s seasonally adjusted purchase index USMGPI=ECI fell 4.5 percent to 267.7. The four-week moving average of.

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Both amounts were slightly higher than the previous week. "Rates increased. percent of total applications from 7.6 percent. mba’s Weekly Mortgage Applications Survey has been conducted since 1990.

The drop in total volume was driven by a fall-off in homebuyers. Applications for a mortgage. U.S. and China, along with concerns over Turkey’s currency situation. This helped push Treasury rates.

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Other mortgage rates mba tracks were 5 basis points to 10 basis points lower than a week ago. The week’s decline in loan applications was driven by a further pullback in requests to buy a home.

MBA Mortgage Applications. Composite Index: +1.6% vs. +2.0% (W/W). Purchase Index: +3.0% vs. +1.0%. Refinance Index: +2.0% vs. +6.0%. 30 year mortgage rate at 4.96%.

Translation: The Fed is likely to raise short-term rates in March at its next meeting. “Mortgage rates have climbed rapidly due in part to the U.S. economy. to see [application] volume fall off a.

NEW YORK, June 19 (Reuters) – U.S. mortgage applications declined last week from. Other 30-year mortgage rates MBA tracks were unchanged to 3 basis points higher from the week before. Meanwhile, 15.

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The 15 basis point fall left. According to the MBA, negative sentiment towards the U.S – China trade war had a greater.