Mortgage applications down 2.3% led by drop in purchases

Total mortgage applications were down 3.4% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. But volume was up 31.6% from the same week a year ago.

With rates continuing to go up, mortgage applications fell 7.3% last week, led by an 11% drop in refinancings, the Mortgage Bankers Association says. Applications for loans for home purchases dipped ..

“Mortgage. led by a 14 percent increase in applications for VA purchase loans. Refinance application volume increased as well, with the index reaching its highest level in a month. Borrowers with.

Purchases Lead Drop in Mortgage Applications. Seasonally adjusted business down from holiday week. Oct. 25, 2017. By Mortgage Daily staff. After making adjustments for the recent holiday, new applications for home loans slowed last week.

Apple gapped down 2.3%, while Boeing gapped down 1.6%. In the IBD 50, a proxy for top-rated growth stocks, losers led gainers by a more than 15-1 ratio. Since starting an advance in late June, the.

A decline in refinancings led to a drop in mortgage application volume last week, even though purchase activity continues to rise, according to the Mortgage Bankers Association. The MBA’s Weekly Mortgage Applications Survey for the week ending July 5 found that submitted applications was down by 2.4% as the refinance index decreased 7% from the [.]

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