Mortgage apps drop 3.5%, refis drop 8%

Mortgage rates are expected to drop in July. Already there’s been a remarkable surge in re-fi’s and new applications. Please contact Lori about your choices. _____ Learn about mortgage apps and what’s expected at next week’s Fed. Continue reading

Costs. The cost of buying down a mortgage rate is quoted in discount points. A single point is 1 percent of the loan amount. For example, if a lender quoted a certain rate with a cost of 2.

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Last year saw the fewest Orange County homes sold since 2014 and the 8.6 percent drop in sales vs. 2017 was the largest year-over-year percentage decline since 2007. Key culprits in the slowdown.

Mortgage applications fell by 3.5% from one week earlier on a seasonally-adjusted basis. fell 3% from the previous week. The refinance index fell 8% over the same period. The seasonally-adjusted.

Sales down, prices up in RE/MAX February housing report Home sales in the 54-market report have declined year-over-year for seven consecutive months, though February’s downturn of 4.2% was the smallest since the 1.1% drop that started the streak in.

MORTGAGE REFINANCE CALCULATOR. See how much less you might pay each month by refinancing. See if refinancing makes sense for you. Whether you want to lower your monthly payment or shorten your mortgage term, see how much refinancing to today’s rates can help you better manage your mortgage or meet your goals.

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 2.5% in the group’s seasonally. rate mortgage loan rose from 3.44% to 3.5%..

In the meantime, rising home prices put a damper on home loan activity, according to the Mortgage Bankers Association weekly report. Overall, mortgage loan applications dropped 4.3% from one week.

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In the previous week, the refinance share was 45.1%. The adjustable-rate mortgage share of activity decreased to 8.5% of total applications, down from 9% in the previous week, which was the highest.

The PHSI in the northeast rose 3.5% to 92.0 in May and is now 0.5% below. The index in the West dropped 1.8% in May to 91.8 and decreased 3.1% below a year ago. Over at the Mortgage Bankers.

Mortgage Apps: Rate Sensitive Apps Suggest Stabilization in Housing. The correlation between rates and application activity has proven to be discontinuous with a clear drop in activity as rates pushed towards 5% and higher and a resumption in activity below 4.75%.. The Refinance Index ROSE.

Construction of single-family homes rose 3.5%, but apartment building skidded 9.4%. In the past year, overall residential construction grew as single-family construction slid 0.8% but apartment.