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Total mortgage application volume rose 5.3% last week compared with the. Refinances drove the volume, rising 12% for the week and a.
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Higher interest rates cut refinance mortgage application volume and reduced. decreased over the week, driven by a decline in refinances.
Mortgage Applications Increase in Latest MBA Weekly Survey. The Market Composite Index, a measure of mortgage loan application volume, increased. of 2018, driven by increasing concerns regarding the ongoing trade tensions. Additionally, refinances for FHA and VA loans jumped by 11 percent."
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Total mortgage application volume in the US jumped 21.7 percent in the. driven by a 196 percent increase in refinances and a 12 percent rise.
Mortgage Application Volume Fell For a Third Straight Week. In contrast to what typically happens when rates rise, applications for refinances increased 2%, its highest level in a month, driven mainly by FHA applications.
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The Market Composite Index, a measure of mortgage loan application volume, "Borrowers were sensitive to rising rates, but the refinance share of. Government refinances actually increased last week, led by a 17 percent.
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Millennials drive mortgage refinance boom, and Lenders are scrambling: mortgage. mortgage refinances Spike 12% on Big Rate Drop, But Homebuyers Pull Back Again: Total mortgage application volume rose 5.3% from the previous week, A strong housing market and rising home prices have contributed to higher.