U.S. mortgage applications fall on higher rates, storms: MBA

U.S. mortgage applications recorded their steepest weekly drop since December on a pickup in borrowing costs and Hurricane Irma’s impact on Florida, the Mortgage Bankers Association said on Wednesday.

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As summer came to a conclusion, fewer people were taking out mortgage applications, according to data from the Mortgage Bankers Association (MBA) for the week. to the two-week jump in rates, but.

 · * Most mortgage rates stay flat or fall from prior week (Adds details on latest data, graphics) U.S. mortgage application activity decreased to its.

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U.S. mortgage applications recorded their steepest weekly drop since December on a pickup in borrowing costs and Hurricane Irma’s impact on Florida, the Mortgage Bankers Association said on Wednesday.

U.S. mortgage applications fall as trade worries offset lower rates.. Other mortgage rates MBA tracks were mixed.. It was 152% higher than a year ago.

Mortgage rates. 35.6 percent of all applications. “Last week, applications were up across the board as rates dropped,” said David Stevens, MBA president. “The rates were pushed down as.

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U.S. mortgage applications decreased last week as most home borrowing costs were unchanged to slightly higher, the Mortgage Bankers Association said on Wednesday. The Washington-based group’s seasonally adjusted index on loan requests, both to buy a home and refinance one, fell 2.4% to 505.8 in the

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Mortgage applications continue on the tear they started during the first week of 2018. The Mortgage Bankers Association’s (MBA’s) Market Composite Index, a measure of loan application.