Refinance application share hits eight-year low: MBA

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But mortgage rates continue to increase. The Refinance Index dropped 4% from the previous week, the lowest since December 2000. The Purchase Index also decreased, falling 3% from last week, but is still 3% higher from this time last year. The refinance share of mortgage activity decreased from last week’s 35.9% to 35.7% of total applications, still its lowest level since September 2008.

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Servicer productivity – measured as the average loans serviced divided by the average servicing full-time-equivalent employee (FTE) in a given year – peaked at 1,863 loans in 2007. Once the Great Recession hit, default rates rose and productivity dropped, reaching a study-low of 647 loans serviced per FTE in 2013.

U.S. mortgage application activity hit a five-week low even as home borrowing costs were little changed from the prior week, Mortgage Bankers Association data released on Wednesday showed. The.

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Analysis of current mortgage data trends in mortgage originations, home. in February which determined that risk-retention requirements don't apply to. share rose from 65.7 percent in 2017 to 70.0 percent for the first eight months of this year.. Fear and Loathing in MBS-Land: Trading Volume Hits Low for the Year; New.

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Total mortgage application volume fell 4 percent. in wage growth in October," said Joel Kan, MBA’s associate vice president of economic and industry forecasts. Mortgage applications to refinance a.

Mortgage application volume rose 17.7 percent this week compared to one week earlier, according to the latest data from the Mortgage Bankers Association. That. MBA nationwide commercial mortgage.

Rates on home loans have responded by easing from eight-year highs registered in November.. sales of newly built homes in October fell by the most in 10 months and hit a two-year low. Sales of.

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The weekly MBA purchase applications announcement out. Rising home prices and mortgage rates suggest that affordability has. the rest of the year, but account for an 8% rise in national home prices, The decline in household size should led to a reduction in the average size of the housing stock.".

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U.S. mortgage application activity decreased to its lowest in 2-1/2 years last week as loan requests to refinance an existing home fell to their weakest level since December 2000, the Mortgage.

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