Mortgage applications drop for second consecutive week

The total number of mortgage applications filed in the U.S. last week fell 9% from the prior week as refinance applications fell for a third consecutive week and interest. the largest single week.

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Mortgage applications decreased for the second consecutive week, falling 1.9% from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 6, 2018. On an unadjusted basis, the index decreased 1% from last week. The Refinance Index fell 2% from the previous week.

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Mortgage Apps Drop Again, Jumbo-Conf Spread Doubles For the second consecutive week, fewer applications were completed for home loans. As long-term mortgage rates climbed to a seven-year high, the jumbo-conforming spread doubled.

Mortgage Application Activity Down for Third Consecutive Week. The adjusted Purchase Index has declined an aggregate of 9 percentage points over the last three weeks, reflecting the recent softening of both new and existing home sales. The unadjusted Purchase Index remains 1 percent higher than during the same week in 2017.

Mortgage rates rose again this past week, the second consecutive week rates increased. Prior to the past two weeks of increases, average mortgage rates declined for almost two months straight. Mortgage rates were expected to rise again this week because 10 year bond yields rose 7 basis points.

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A Resource For Home Buyers.. Mortgage rates drop for third consecutive week. October 3, 2013. In the face of a government shutdown, the effect on mortgage rates seems to have been small, as rates have dropped again for the third consecutive week.

Mortgage applications in the U.S. climbed for the third consecutive week as a drop in interest rates spurred refinancing. The Mortgage Bankers Association’s applications index increased 0.9 percent in.

Mortgage rates this week. At the current 15-year fixed rate, you’ll pay $745.21 each month for every $100,000 you borrow, down from $747.23 last week. At the current 5/1 ARM rate, you’ll pay $484.36 each month for every $100,000 you borrow, down from $487.27 last week.

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey, showing that mortgage rates dipped for the second consecutive week. sam khater, Freddie Mac’s chief.

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For the second time in as many weeks, applications for mortgages have moved lower. According to the weekly survey conducted by the Mortgage Bankers Association , applications were down 2.3% in the.

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