Mortgage applications drop for second consecutive week

The 30-year fixed-rate average fell to 4.1 percent. trade tensions push mortgage rates lower for second week in a row

 · Thirty-year mortgage rates averaged 3.99% in the week ended. U.S. 30-year mortgage rates drop below 4% – Freddie Mac. fell for a second consecutive home in April due primarily to a shortage.

A Resource For Home Buyers.. Mortgage rates drop for third consecutive week. October 3, 2013. In the face of a government shutdown, the effect on mortgage rates seems to have been small, as rates have dropped again for the third consecutive week.

 · Fixed 30-year mortgage rates averaged 5.12 percent in the week, inching down from 5.13 percent the week before, but still high enough to keep buyers out of the market.

February was the worst month for weekly changes in mortgage applications since Mid-2013 during the taper tantrum regarding the Fed rate policy. Ever since January mortgage applications have been on the downtrend. The 8 week average weekly change is -4.08%, while the 4 week average change is just -2.15%.

Mortgage rates were mostly unchanged from last week due to easing of trade tensions with Mexico which helped stabilize markets. These historically low rates should provide continued opportunities for current homeowners to refinance their mortgages – which combined with new homebuyer activity – will help sustain the momentum in the housing.

Lower application volume cuts CoreLogic’s net income by 54% The decline in operating income was principally attributable to lower mortgage application volumes as well as charges associated with cost-reduction programs, including severance and real estate.

Mortgage Applications Decline for Sixth Consecutive Week – Mortgage Applications Decline for Sixth Consecutive Week May 30 2018, 5:59AM Although interest rates extended their decline for the second week, the level of mortgage activity failed to respond.

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U.S. mortgage applications climb to 11-month high – MBA – The Washington-based industry group’s seasonally adjusted gauge on mortgage applications increased 13.5 percent to. on 30-year fixed-rate mortgages averaged 4.74 percent for a second week, the.

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For the second consecutive week, fewer applications were completed for home loans. As long-term mortgage rates climbed to a seven-year high, the jumbo-conforming spread doubled. Logout

. increased 5% from the previous week while applications for purchases increased 6%. The results include an adjustment for the Presidents’ Day holiday. It was the second consecutive week that.

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Mortgage rates fell for the second consecutive week as it continues to recover from the market’s anxiety over potential trade wars, according to Freddie Mac’s Primary Mortgage Market Survey.

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