Mortgage applications drop for second consecutive week

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GET.com Mortgages Mortgage Rates Decrease As Mortgage Applications Drop |. The refinance share of mortgage activity remained at 56% of all mortgage applications for the second consecutive week. The adjustable-rate mortgage share of activity decreased slightly this week to 7.6% of all.

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Mortgage rates reached an all-time low for the second consecutive week amid the Federal Reserve’s purchase of. The low rates are causing a burst in refinancing applications. The Mortgage Bankers.

Top Producers in the West reveal a strong dependence on cash-out refis Mortgage growth in Canada hasn’t been this weak since 2001 Mortgage application volume drops after rate hike While the increase in mortgage rates this year is not as severe as it was in. labor and materials prices, plus a shortage of inventory after years of. Index of the volume of mortgage applications submitted to lenders. mortgage purchase applications have responded to that modest drop in mortgage rates.Five Oil Producers Thriving in the Booming Permian Basin. to attract investors is the low-cost Permian Basin spread over west Texas and New Mexico.. said to have strong economics and top.

Mortgage Applications Increase For Second Consecutive Week – It was the second consecutive week that mortgage application volume increased. However, the two weeks were preceded by four consecutive weeks of declining volume. On an unadjusted basis, total volume fell 3% compared with the previous week.

Consumers show ability to absorb a single rate hike Housing starts fall more than expected, permits steady U.S. Housing Starts Fall More Than Expected, Permits Steady. – U.S. Housing Starts Fall More Than Expected, Permits Steady 0 Comments Groundbreaking on new U.S. homes eased from the fastest pace in 13 months while permits held steady to finish the strongest year for housing construction in a decade, government figures showed Thursday.

Mortgage applications down for second consecutive week. – Mortgage applications down for second consecutive week. mortgage applications declined for the second week in a row last week, but are still not back to a recent low measured during the week that included Labor Day, the mortgage bankers association‘s (MBA) Weekly Mortgage Applications Survey released today shows.

Interest rates came down slightly last week and purchase applications rose sharply. This is the second consecutive weekly gain in applications and the second consecutive drop in mortgage loan rates..

Mortgage rates forecast.. Mortgage rates drop for the first time in four weeks. mortgage rates rose slightly for the second consecutive week, but should remain low for the foreseeable future, which will aid the purchase market, according to Freddie Mac..

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) which has found lower mortgage rates for both long- and short-term mortgages, with the 30-year fixed-rate mortgage (FRM) reaching a four-week low of 4.71 percent with an average 0.8 point for the week ending Jan. 13, 2011.

WASHINGTON-Mortgage applications dropped for a second consecutive week. The Mortgage Bankers Association said its Market Composite Index, a measure of application activity, dipped 0.1% on a seasonally adjusted basis during the week ended April 28, and declined 1% unadjusted.

The benchmark 30-year fixed-rate mortgage fell this week to 4.20 percent from 4.27 percent a week ago, according to Bankrate’s weekly survey of large lenders. It’s the lowest the 30-year fixed.