U.S. mortgage activity picks up as loan rates tumble: MBA

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NEW YORK (Reuters) – U.S. mortgage applications rose last week, led by an increase in refinancing activity, as home borrowing costs broadly fell, Mortgage Bankers Association said on Wednesday.

U.S. mortgage activity picks up as loan rates tumble: mba reuters 45d SilverCrest Reports Results of AGM; Appoints Ani Markova, CFA, MBA, CDI.D as an Independent Director

New single-family homes sold at an annual rate of 546,000. home building activity,” said Millan Mulraine, deputy head of U.S. research and strategy at TD Securities. May’s pace was up 19.5% from a.

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WASHINGTON, D.C. (March 13, 2019) – Mortgage applications increased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 8, 2019. The Market Composite Index, a measure of mortgage loan application volume, increased 2.3 percent on a seasonally adjusted basis from one week earlier.

U.S. Bank Correspondent is updating its rate sheets for loans locked on and after January 29. Job Openings and Labor Turnover Survey). Wednesday things pick up a little with the weekly MBA app data.

Consumer spending rose at a 3.3 percent rate, the strongest since the fourth quarter of 2010. Consumer spending, which accounts for more than two-thirds of U.S. economic activity. growth unless.

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"The pick-up in refinance activity was led by larger loan sizes on average, as continued investor interest drove jumbo interest rates down even further." The survey covers over 75 percent of U.S. retail residential mortgage applications, according to MBA.

There was a tremendous surge in overall applications activity, as mortgage rates fell for the fourth week in a row – with rates for some loan types reaching their lowest levels since January 2018.