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Articles Recently Tagged: Mortgages

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Pending Home Sales in the U.S. Ticked Up in March, but…

Pending Home Sales in the U.S. Ticked Up in March, but…

Having dropped over 10 percent in February, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked up 1.9 percent in March to 111.3, ending a six-week decline for the index which peaked at 132.8 in... Read More »

Benchmark Mortgage Rate Hovering at Just Under 3 Percent

Benchmark Mortgage Rate Hovering at Just Under 3 Percent

Having inched up 1 basis point over the past week to 2.98 percent, the average rate for a benchmark 30-year mortgage is hovering just under 3 percent for the second week in a row and running 25 basis points (0.25 percentage points) below its mark at the same time... Read More »

Mortgage Loan Activity Slips for Fourth Time in Five Weeks

Having ticked up last week, which ended a four-week slide, mortgage loan application volumes in the U.S. have since slipped 2 percent, according to the Mortgage Bankers Association. At a more granular level, refinancing activity inched down 1 percent and was 18 percent lower than at the same time... Read More »

Benchmark Mortgage Rate Back Under 3 Percent

Benchmark Mortgage Rate Back Under 3 Percent

Having inched down another 7 basis points over the past week, the average rate for a benchmark 30-year mortgage has dropped to 2.97 percent, which is 36 basis points below its mark at the same time last year, down 21 basis points this month alone, and back to within... Read More »

Mortgage Loan Activity Ticks Up

Having dropped over the previous four weeks, with refinancing activity having dropped to its lowest level in over a year, mortgage loan application volumes ticked up 9 percent over the past week in the U.S., according to the Mortgage Bankers Association. At a more granular level, refinancing activity increased... Read More »

Mortgage Loan Activity Continues to Drop

Having dropped 5 percent last week, mortgage loan application volume across the U.S. has since ticked down another 3 percent in the absolute, or 3.7 percent on a seasonally adjusted basis, with another 5 percent drop in refinancing activity and a 1 percent drop in purchase activity, according to... Read More »

Benchmark Mortgage Rate Inches Down

Benchmark Mortgage Rate Inches Down

Having ticked up 53 basis points, or 0.53 percentage points, from an all-time low of 2.65 percent in early January, the average rate for a benchmark 30-year mortgage inched down 5 basis points over the past week to 3.13 percent and is still 20 basis points below its mark... Read More »

Mortgage Loan Activity Drops

Having ticked down 2 percent last week with the traditional spring buying/selling season underway, mortgage loan application volume across the U.S. has since dropped another 5 percent in the absolute, or 5.1 percent on a seasonally adjusted basis, with a 5 percent drop in refinancing activity and a 4... Read More »

Benchmark Mortgage Rate Nearing a 10-Month High

Benchmark Mortgage Rate Nearing a 10-Month High

The average rate for a benchmark 30-year mortgage, which inched over 3 percent for the first time since last July earlier this month, inched up another 8 basis points (0.08 percentage points) over the past week to 3.17 percent and is nearing a 10-month high. That being said, the... Read More »

Refinancing Activity Hits a 6-Month Low

With refinancing activity having dropped to a six-month low, and currently down 13 percent on a year-over-year basis, versus 100 percent higher just two months ago, mortgage loan application volumes only slipped 2 percent in the U.S. last week, buoyed by a 3 percent increase in purchase loan activity,... Read More »