Mortgage applications down 2.3% led by drop in purchases

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Buy-to-let returns down 2.3% on a year ago. Market data for buy-to-let property purchases with a mortgage in the second half of 2017 showed transactions remaining broadly stable at 38,4003, up.

Mortgage applications in the U.S. rose last week, reflecting gains in purchases and refinancing. level in eight months, led by rising demand for distressed properties, according to the National.

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On an unadjusted basis, the Market Composite Index, a measure of mortgage loan application volume, rose by 68% from the previous week. The Refinance Index rose by 35% over the same period. The.

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caused a drop in refinance applications Purchase volumes have remained more resilient to higher rates and continue their upward trend The increase in mortgage rates has pushed refinance application volume down to levels we have not seen since early 2011.

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"We knew we were going to see a drop in refis and an increase in purchase loans, and that’s exactly how it’s played out," Lorraine Stewart, BECU’s vice president of mortgage lending, said.

Mortgage applications fell 1.9% on a seasonally-adjusted basis for the week ending July 19th, 2019, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association.

On an unadjusted basis, Market Composite Index, a measure of mortgage loan application volume, fell 3% from the previous week. The Refinance Index fell 8% over the same period. The seasonally-adjusted.

Purchases Lead Drop in Mortgage Applications. Seasonally adjusted business down from holiday week. Oct. 25, 2017. By Mortgage Daily staff. After making adjustments for the recent holiday, new applications for home loans slowed last week.