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Mortgage Applications Rise With Decreasing Mortgage Rates This week mortgage applications in the US increased 11.6% compared to last week, while mortgage rates have decreased once again near record-low levels that haven’t been seen in over a year.
Mortgage rates this week. The 30-year fixed-rate average for this week is 1.19 percentage points below the 52-week high of 5.10 percent, and is 0.17 percentage points greater than the 52-week low.
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More Americans wanting to become home owners today as mortgage rates retreated. Mortgage Bankers Association releases favorable data. Applications for U.S. mortgages to buy a home rose to a six-month high last week as mortgage rates retreated further from more than two-year highs, Mortgage Bankers Association data released on Wednesday showed.
Mortgage Rate Forecasts for 2018. Let’s start with the Mortgage Bankers Association (MBA). In September 2017, the industry group updated its long-range finance forecast that offers predictions for the U.S. economy and housing market. Among other things, this report included a mortgage rate forecast through 2018.
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Mortgage applications continued to rise over the last week, thanks to a rising tide of refinance applications, a new report from Mortgage Bankers Association shows. According to the MBA’s Weekly.
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“A lot of people who weren’t ready to buy are actually pulling the trigger sooner; their purchasing power drops as rates rise,” said Brandon Brotsky, a mortgage broker with the Stephens-Brotsky Group.
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 4.1% in the group’s seasonally adjusted composite index for.
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