Application activity increases, led by uptick in refis

Application activity increases, led by uptick in refis

After a sharp drop earlier in the month, mortgage application activity has gained back some ground, as the composite index in the Mortgage Bankers Association’s weekly survey gained 2.4% during the week that ended July 18.

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Application activity slightly higher on purchases Last week the Mortgage Bankers Association reported a slight increase in application activity due to an uptick in purchase activity. The Purchase Index rose nearly 3% to 404 for the week ending March 24, while the Refinance Index was 1% lower to 1558.

 · It looks like the uptick rule might return from the dead. The 1938 rule–which stated that short-sellers could only sell securities after a share price increase–was repealed in July 2007.

9 Proofs You CanIncrease Your Brain Power Tax reform had an effect on nearly half of homebuyers: Redfin Existing-home sales ease more than forecast to 5.2 million Existing home sales are forecast to increase 2.5 percent to 5.60 million homes due in-part to inventory increases, compared to 2017’s 0.4 percent increase or 5.47 million homes.

New home loan application volume drops for first time in 2017 The “spring selling season” is the time of year when new home hunters traditionally set out to find their first home. But unless something is done to reform the feudal leasehold system, thousands risk.

“Failure to resolve differences and a resulting increase in tariff barriers above and beyond what is incorporated into the forecast would lead to higher costs of imported intermediate and capital goods and higher final goods prices for consumers.” Mortgage Applications decreased 5.6% last week as purchases rose 1% and refis fell 11%.

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June saw a major uptick in applications flanked by a notable drop in rates across the board, according to data compiled by the Mortgage Bankers Association (MBA) in its Weekly Mortgage Application Surveys published throughout the month. After relatively little movement in May, applications spiked the first week of the month, dipping only slightly the following week.

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