· Weekly mortgage applications rise 2.9% as interest rates move even higher. higher rates mean it is better to take out a second loan rather than lose a low rate on a first mortgage. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) increased to its highest level since April.

When yields fall, so do interest rates on mortgages.. “The government refinance index, driven by a 25 percent increase in VA refinance applications, is now at its highest level. In addition to reducing their monthly mortgage payment, many. The MBA weekly report shows the refinance share of mortgage.

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 · Mortgage applications for home buyers specifically had a weekly increase of 5% and were 9% higher than at the same time in 2018. Experts say the rise in buyers in the real estate market can be attributed not only to the dropping mortgage rates but to a very slow spring and summer season for property sellers.

The fall was driven by a 3 percent drop in applications. lending rate by mid-year. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or.

About this Data. The Weekly Mortgage Applications Survey contains 15 indices covering home loan application activity for fixed rate, adjustable rate, conventional and government loans for home.

The average contract interest. mortgage rate to fall to 3.87%, its lowest level since November 2016," said Joel Kan, MBA’s associate vice president of economic and industry forecasting. Refinance.

Have you refinanced yet, to take advantage of today’s rock-bottom mortgage rates? So many people are doing it that lenders.

The latest mba weekly mortgage applications survey revealed an increase in the. as well, with the index reaching its highest level in a month.. Here's how the average contract interest rates performed for various loans:.

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Another sharp drop in mortgage rates sent even more homeowners to their lenders, hoping to save money on their monthly payments.. That drove a stunning 37% jump in refinance volume for the week, the highest level since July 2016.. Mortgage applications to buy a home rose 2% for the week and.

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