Mortgage activity ticks up in March but at lowest level since 1997

Mortgage app volume ticks up for 2nd straight week.. The adjustable-rate mortgage (ARM) share of activity increased to 7.3%, its highest level since June, from 6.7% in the prior survey..

Mortgage Loan Rates Tick Up, Applications Remain Flat. By Paul Ausick March 7, 2018 8:10 am EDT. Print Email. Tweet.. its highest level since April 2011.

Yesterday, we saw the yield on the 10-year Treasury note, which is the best market indicator of where mortgage rates are going, move down to its lowest level since late January. Mortgage rates typically move in the same direction as the 10-year yield so rates improved slightly to start the week.

Mortgage rates fell, but the post-election spike appears already to have had an effect: Last week, the Mortgage Bankers Association’s Purchase Index fell to its lowest level since January. For those opting for a shorter term loan, the average 15-year mortgage rate is 3.01%, which equates to a $691.06 monthly payment per $100,000 borrowed, or $14.82 higher than the equivalent payment would have been a month ago.

It would appear that Refis’ time in the sun is listing back towards purchases, as mortgage. highest level since April 2010. The spring buying season continues to be robust, with activity more than.

Last month’s housing starts dropped to the lowest level since January 1997 at an annualized pace of 1.38 million units, while one-unit housing starts experienced the fourth consecutive month of.

Foreclosure settlement docs filed fannie mae: homeowner optimism soars to new highs Top News Of The Week – Real Estate Today Radio – The latest monthly sentiment survey by fannie mae reveals that the share of renters who say now is a good time to buy a home rose in September, to equal the all-time high first set in June. Fannie Mae’s chief economist, Doug Duncan, says the renter optimism is also being fueled by what he calls "perceptions of easing inventory."and the robo-signing scandal — the practice of assigning bank employees to rapidly approve numerous foreclosures with only cursory glances at the glut of paperwork to determine if all the documents.

Purchase Apps Up, Refis Down in Latest MBA Weekly Survey. The survey covers over 75 percent of all U.S. retail residential mortgage applications, and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks and thrifts. base period and value for all indexes is March 16, 1990=100.

Since October, Farber, at Corwin Mortgage. low, Toronto’s population is growing and wages are improving, ensuring a baseline level of demand. TD forecasts home prices will soar between 20 per cent.

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Resale activity increased as did investment in new homes, especially multi-dwelling units, as well as renovations of existing buildings. Consumers are likely to continue to slow purchases of.

Mortgage loan rates made small moves over the past week according to the mortgage bankers association. applications rose, but refinancings fell to their lowest level in more than nine years.

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