Mortgage applications down 2.3% led by drop in purchases

Mortgage applications down 2.3% led by drop in purchases

pending home sales were down 0.7% in the month of July to an index level of 106.2. This means the number of homes with a signed purchase agreement in place is down 2.3% from the same time a year ago. Regions had declines that were about the same, but the West is the weakest, down 0.9% and 5.8% on the year. High prices have hurt affordability.

Market Recap: Mortgage Applications Down, Unemployment Hits All-Time Low, Consumer Price Index Increases October 12, 2018; Some markets were closed on Monday in observance of Columbus Day, thus it was a slow week for housing news.

It’s been a weak time for mortgage applications despite news last week from MBA that new home purchases were up 17% in March.. Mortgage applications down 2.3% led by drop in purchases.

And mortgage applications have risen this year, according to the Mortgage Bankers Association, showing that lower mortgage rates encouraged some fence-sitters to apply for a mortgage to purchase a.

He said a combination of technical factors including increased demand for longer-dated Treasurys because of a sharp uptick in mortgage refinancing applications may have. polled by MarketWatch.

The number of home loan approvals for owner occupiers has fallen 2.3 per cent, lagging market expectations for a decline of 1.0 per cent. The value of total housing finance also fell in December, by 1.6 per cent to $32.88 billion, seasonally adjusted data from the Australian Bureau of Statistics show

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New home purchase applications are also at their. in the interest rate spreads have led the entire mortgage REITs sector to slide. The Bloomberg index of REITs shares plunged 4.5%, the highest drop.

Buy-to-let returns down 2.3% on a year ago – FTAdviser.com – Buy-to-let returns down 2.3% on a year ago. Market data for buy-to-let property purchases with a mortgage in the second half of 2017 showed transactions remaining broadly stable at 38,4003, up.

The index of pending home sales rose 4.6%, after a 2.3% decline the previous month, according to data released wednesday from the National Association of Realtors in Washington. That compared with the median projection of analysts for an increase of 1%. The gauge was down 3.2% from a year earlier.

MBA’s Weekly Applications Survey offers a comprehensive analysis of mortgage application activity. Since the survey’s inception in 1990, its indexes have been a leading indicator of housing and mortgage finance activity.

Purchases of new U.S. homes exceeded projections in November, holding near a five-year high and showing the housing recovery was gaining momentum even as mortgage rates. U.S. regions in November,

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