Weekly mortgage applications drop 3.3%, as spring housing season draws to a close – Real Estate Technique

With May weaker than originally reported and a big decline in sales in June, I would argue that if July’s mortgage purchase applications decline is followed by another drop in new home sales, as.

Mortgage applications decreased 1.5% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 15, 2015. The.

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Lower mortgage rates aren’t enticing homebuyers much, as the spring housing season draws to a close. total mortgage application volume fell 3.3% last week compared with the previous week.

Cooper Real Estate, Woodside, NY. 26 likes 1 talking about this 2 were here.. Weekly mortgage applications drop 3.3%, as spring housing season draws to a close. cnbc.com. Weekly mortgage applications drop 3.3%, as spring housing season draws to a close.

Worldwide trends. 30-yr fixed # mortgage rate averaged 4.54% for the week ending July 26, up from 4.52% the previous week and 3.92% the same week one year ago @ FreddieMac.

With the drop in purchase volume, the refinance share of mortgage activity increased to 37.6 percent of total applications from 36.8 percent the previous week. Mortgage rates haven’t moved much at all in the last few weeks, despite an escalating trade war that caused a pullback in the stock market.

Weekly Mortgage Applications Soar Nearly 27 On A Big Rate Drop and related news – Financial New Index – Latest Business-Market news from around the web at one place. Weekly mortgage applications drop 3.3%, as spring housing season draws to a close. 2019. Weekly mortgage applications drop 3.

Total mortgage application volume fell 3.3% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 15% higher than the same week one year ago, when interest rates were higher.

Real-estate activity is being stoked by cheaper borrowing costs and an improving labor market. The average rate for a 30- year fixed mortgage fell to 3.41% in the week ended april 18, the third.

Diana Olick is an Emmy Award-winning journalist, currently serving as CNBC’s real estate correspondent as well as the author of the Realty Check section on CNBC.com, which won the Gracie Award for.

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