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Homebuyers are clamoring to capitalize on the lowest interest rates in almost a year, driving total mortgage application volume 9.9 percent higher last week. The Mortgage Bankers Association’s seasonally adjusted weekly index is still 19 percent lower than the same week last year, due to lower refinance volume. The week’s results included an adjustment for
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May 02, 2017 Mortgage Applications in U.S. Uptick in Late AprilAccording to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 21, 2017, mortgage applications increased 2.7 percent from one week earlier. The Market Composite Index, a measure of mortgage loan application volume, increased 2.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the
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Apr 12, 2017 U.S. Mortgage Rates Edge Lower in Early AprilAccording to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year mortgage rate in the U.S. dropped for the third consecutive week and closing in on the 2017 low. Sean Becketti, chief economist of Freddie Mac said, “The 10-year Treasury yield was relatively unchanged this week, while the 30-year mortgage rate fell 4 basis points
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While the days of easy credit and 100% financing might have disappeared, at least for now, down payment assistance programs are still alive and well. Survivors of the credit meltdown, these programs provide a valuable service for stimulating local housing markets. From down payment assistance grants to interest-free second mortgages and other special mortgage programs,
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According to Freddie Mac’s latest Primary Mortgage Market Survey, the average mortgage rate in the U.S. dropped for the second consecutive week. Sean Becketti, chief economist of Freddie Mac said, “The 10-year Treasury yield remained relatively flat this week. The 30-year mortgage rate fell 9 basis points to 4.14 percent, another significant week-over-week decline. Despite
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According to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), the average mortgage rate in the U.S. dropped in late March after two consecutive weeks of increases. Sean Becketti, chief economist at Freddie Mac said, “The 10-year Treasury yield fell about 10 basis points this week. The 30-year mortgage rate moved with Treasury yields and
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