Mortgage applications drop as interest rates rise to 9-month high

Mortgage Applications, Refinancing Drop as Interest Rates Rise. The refinance share of mortgage activity decreased to 47.8 percent of total applications, its lowest level since August 2017, from 49.4 percent the previous week. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less).

When does the market think mortgage rates will next rise or be cut? Mark Carney has moved the goal posts numerous times on when interest rates will likely go up. Of course, when interest rates rise or fall mortgage rates will follow suit. Below is a short potted history of the latest views:

OCC: $2.6B foreclosure review checks cashed All american check cashing Inc. et al. But in the aftermath of the OCC’s July announcement about accepting fintech charter applications, Vullo and the CSBS believe that their cases are ripe for.Bank of America now offering $0 origination fee on certain mortgages REOCON 2013: An update on short sale and REO trends The Difference in Buying a Foreclosed House and Short Sale. – The Difference in Buying a Foreclosed House and Short Sale House. By: Jann Seal. A buyer of either a foreclosure or short sale must obtain an in-depth home inspection. It’s better to purchase a property that’s being lived in.. reocon 2013: An Update on Short Sale and REO Trends;