Mortgage applications drop as interest rates rise to 9-month high

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 March 2017, 4.41 percent, from 4.36 percent. The average contract interest rate for 15-year fixed-rate mortgages increased to its highest level since April 2011, 3.85 percent, from 3.81 percent.

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Mortgage applications drop as interest rates rise to 9-month high – mortgage applications decreased 4.7% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 26, 2015. The Market.

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Mortgage applications to purchase. While mortgage rates did drop back slightly in November, they are still higher than they were one year ago, and the expectation is that they will rise again going.

U.S. mortgage activity hits 2-month high as interest rates fall: MBA. seasonally adjusted index on mortgage applications increased 1.6 percent to. tracks decreased by 8 basis points to 9 basis points from the week before.

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Rates are now at a nine-month low, which helped boost mortgage applications more than 20 percent this week. “Lower mortgage rates.

 · Mortgage Applications Drop as Interest Rates Post New Lows. in Data. responded to June’s application data stating that the rise in refinances during the.

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Review how long your interest. hassle mortgage quote. There is a cliché that when rates are rising they take the elevator, but when they are falling they take the escalator. This means that rates.

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Why interest rates go up and down Mortgage volume stalls with rates – Applications to refinance, which saw a brief surge on lower rates in October and then a precipitous drop. to rise. "Apropos of Veteran’s Day, the VA share of the market reached a new high," said.

CNBC’s Diana Olick reports on mortgage applications falling as interest rates rise and housing prices remain high, keeping buyer priced out the housing market.