Mortgage applications drop for second consecutive week

Mortgage rates dropped for the second week in a row last week, according to Freddie Mac – but they’re still far higher than last year at this time. The bad news is that mortgage rates are.

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Mortgage applications in the United States dropped 2.4 percent in the week ended July 5th 2019, following a 0.1 percent decline in the previous week, data from the Mortgage Bankers Association showed. refinance applications fell 6.5 percent while applications to purchase a home rose 2.3 percent.

This week mortgage applications decreased 0.2% compared to a week ago, while mortgage rates also decreased slightly compared to a week earlier, according to Freddie Mac. 30-year fixed-rate.

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.

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Mortgage rates rose again this past week, the second consecutive week rates increased. Prior to the past two weeks of increases, average mortgage rates declined for almost two months straight. Mortgage rates were expected to rise again this week because 10 year bond yields rose 7 basis points.

Slowdown in housing market is helping landlords raise rents He sees a “slowdown. with rent-stabilized apartments, and added that landlords will probably “spend less to maintain their buildings, perhaps causing some erosion of the quality of the housing.

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey, showing that mortgage rates dipped for the second consecutive week. Sam Khater, Freddie Mac’s chief.

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.

U.S. mortgage rates rose modestly this 2nd week of April 2019, with the 30-year fixed-rate averaging 4.12 percent. Rates moved up slightly this week while mortgage applications decreased following.

Freddie Mac’s Mortgage Rate Survey Explained. Research Note: Freddie Mac’s Primary Mortgage Market Survey (PMMS) is the longest running weekly survey of mortgage interest rates in the United States. Since Freddie Mac launched its survey in 1971, others have begun collecting and reporting mortgage rate information.