Application activity increases on a slight decline in rates

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A contact in Oregon reported a modest increase in building and selling activity due in part to lower mortgage rates, though a few other contacts observed a slight decline in building activity in some areas due to softer demand.

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In the East, lack of activity dominated different classes resulting in a drop in rates across several routes. According to preliminary data, global fixtures inched up by a slight by. platform for.

After a month of increases, mortgage rates. application volume – decreased 4.3 percent from a week earlier. The refinance index fell 5 percent from the previous week, while the purchase index.

The percentage of refinances on all loans increased to 35%, up from 34% the month prior. “As we enter the busy spring home buying season, we are seeing activity tick back up across the board with the.

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The market experienced an increase in the Refinance share of mortgage activity from 38.7 percent of total applications during the previous week to 38.9 percent. There was a decrease to 6.1 percent of total applications in the adjustable rate mortgage (ARM) share of activity.

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Mortgage rates showed a bit of a decline. measure of loan application volume, fell 4 percent from the previous week. The Refinance Index decreased 6 percent, while the Purchase Index grew 1 percent.

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The report shows that nationally 4% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in March 2019, representing a 0.3-percentage-point decline.

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How Safe is Air Products & Chemicals' Dividend? The slight falloff in application volume accompanied a similarly small increase in mortgage rates. The average interest rate for a 30-year fixed-rate mortgage last week was 4.48 percent, up from 4.