MBA: New home purchase mortgage apps rise 5%

The MBA released its new home purchase mortgage application figures for December: Mortgage applications for new home purchases fell by 6.1% year-on-year, while down by 13% compared with November.

As a whole, mortgage applications increased 1.5% from one week earlier. Here’s how the rest of the data came in. MBA: Despite flat mortgage apps, purchase loan size reaches new high | 2017-04-12.

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– Mortgage Applications Decrease in Latest MBA Weekly Survey Jun 13, 2019 – May New Home Purchase Mortgage Applications Increased 20.1 Percent Jun 13, 2019 – MBA Launches New Affordable Housing Initiative

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MBA, which released its forecast on Tuesday in conjunction with its annual convention and expo, anticipates that purchase mortgage originations will grow by 7.3 percent, to a total of $1.2.

Last week, an index measuring mortgage home-purchase applications rose 5% from a week earlier and was 5% higher than the year-ago week, according to the mortgage bankers association. "We saw a good week for the spring home buying season," MBA’s Joel Kan said in the report released on Wednesday.

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WASHINGTON, D.C. (February 14, 2019) – The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for January 2019 shows mortgage applications for new home purchases remained unchanged from a year ago. Compared to December 2018, applications increased by 43 percent. This change does not include any adjustment for typical seasonal patterns.

Mortgage applications to purchase a home rose recently and were 7% higher than a year ago. Purchase applications reached their highest level since April 2010. While total mortgage application volume decreased 3.5% during the same time, according to the Mortgage Bankers Association’s seasonally adjusted index, overall volume was 14% higher than a year ago.

This last week’s sharp drop in the Mortgage Bankers. Agency will release its purchase-only house price index for December. The index gained 0.8% in November, following a 0.4% rise the month before..

Mortgage rates were back on the slide following the previous week’s 1 st rise in 7-weeks. In the week ending 27 th June, 30-year fixed rates fell by 11 basis points to 3.73% reversing a 2 basis.

New home purchase mortgage apps increased last month.. as shown by the solid 7% growth in new home purchase applications in March," said Mike Fratantoni, MBA Senior Vice President and Chief.