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Mortgage application volume rises, driven by refinances

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Mortgage applications in the United States rose 1.3 percent in the week ended June 21st 2019, rebounding from a 3.4 percent fall in the previous month, data from the Mortgage Bankers association showed. refinance applications went up 3.2 percent while applications to purchase a home dropped 0.9 percent.

Mortgage applications continued to rise over the last week, thanks to a rising tide of refinance applications, a new report from Mortgage Bankers Association shows. According to the MBA’s Weekly.

Mortgage application volume rises, driven by refinancesCNBC’s Diana Olick reports on the latest mortgage application data.. read moreSource: CNBCPublished on 2019-06-05 Tweet

The Market Composite Index, a measure of mortgage loan application volume, increased 1.6% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 2% compared.

 · The MCI is a measure of mortgage loan application volume that includes both purchase and refinance applications. The Refinance Index fell by a full 5.0 percent from the previous week. The Refinance Index has fallen 64.2 percent from its recent peak during the week of May 3rd. The MBA data shows that the refinance share of mortgage activity has

Mortgage Application Increase Driven By Rise in Government Volume. which measures mortgage loan application volume, rose 11.8 percent on a seasonally adjusted basis from one week earlier.

Mortgage Application Volume Rises Driven By Refinances and related news – Financial New Index – latest business-market news from around the web at one place

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The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage loan application volume, increased 1.6 percent on a seasonally adjusted basis from the previous week and was up.

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CNBC’s Diana Olick reports on the latest mortgage application data.. mortgage application volume rises, driven by refinances. Apple sell-off driven by ‘more of the same’ from iPhones,

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With improving home values and mortgage rates that remain near historic lows, more borrowers are now accessing through home equity through cash out refinancing, in many cases to pay down higher-interest debt from student loans or credit cards or fund home improvement projects. In the third quarter, homeowners took out about $8 billion in home [.]

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