Mortgage applications jump 21.7% on refinancing activity

Mortgage applications rose 3.6 percent last week, led by a 7 percent jump. in refinancing is borrowers seeking better rates on nonconforming loans, or those above the limits Fannie Mae or Freddie.

Mortgage loan applications were down 10 percent in just one week, the MBA said. And refinance activity was down 12 percent in one. loans even if they owe more than the home is worth. The jump in.

The refinance share of mortgage activity increased to 47.4% of total applications, up from 40.4% the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 9.5% of total.

The refinance share of mortgage activity accounted for 40.5% of all applications. "Mortgage applications increased 2.4% last.

Home loan applications were up for. was unhappy with the latest numbers. "Mortgage activity was lackluster last week," Fratantoni said. "Total refinance volume was up seven percent for the week,

Mortgage Refinance and Debt Consolidation U.S. mortgage applications jumped to their highest level in more than 2-1/2 years last week, led by a surge in refinancing activity, as some home borrowing costs tumbled to their cheapest level.

"Mortgage application volume rebounded strongly in the week following the memorial day holiday, indicating that the holiday had a larger impact on business activity than originally assumed. Comparing volume over the past two weeks, purchase activity is up over 6%, while refinance activity is down 5%.

U.S. mortgage applications jump to highest since September 2016: MBA – U.S. mortgage applications jumped to their highest level in more than 2-1/2 years last week, led by a surge in refinancing activity, as some home borrowing costs tumbled to their cheapest level since.

Mortgage Applications Jump in MBA Weekly Survey .. The refinance share of mortgage activity increased to 49.8 percent of total applications from 42.2 percent the previous week. The seasonally adjusted purchase Index increased by 10 percent from one week earlier. The unadjusted Purchase Index.

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The benchmark 30-year fixed mortgage rate was 4.27 percent this week, up from 4.25 percent a week ago, according to Bankrate’s latest survey of the nation’s largest mortgage lenders. The last time.

Mortgage applications jump:. its seasonally adjusted index of mortgage application activity increased 7.3 percent to 706.4 in the week ended Jan. 28, after decreasing 3.6 percent in the MBA’s.