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Mortgage applications increase, MBA says U.S. mortgage applications rose last week, led by increased demand for home purchase loans even as interest rates climbed for a fourth consecutive week, an industry trade group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinance and purchase loans, increased 3.6 percent to 575.6 for the week ended Dec. 29. The index stood at 555.8 the previous week, which was its lowest level since early August. The MBA said the four-week moving average of mortgage applications is down 2.8 percent More : money.cnn.com

U.S. mortgage applications decrease last week-MBA U.S. mortgage applications fell for a second consecutive week, reflecting a drop in demand for home purchase loans, an industry trade group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week ended July 21 decreased 1.3 percent to 533.8 from the previous weeks 540.8. Borrowing costs on 30-year fixed-rate mortgages, excluding fees, averaged 6.69 percent, down 0.04 percentage point from the previous week. Interest rates were 0.17 percentage point below a four-year high reached one month prior. The MBA seasonally adjusted purchase mortgage index fell 2.4 percent to

U.S. mortgage applications fell last week-MBA U.S. mortgage applications fell last week for the first time in three weeks, largely reflecting a steep drop in home purchase loans as lower interest rates failed to spur demand, an industry trade group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week ended July 14 decreased 4.6 percent to 540.8 from the previous weeks 566.8. Borrowing costs on 30-year fixed-rate mortgages, excluding fees, averaged 6.73 percent, down 0.08 percentage point from the previous week. Interest rates were 0.13 percentage point below a four-year high reached

Mortgage applications fall in holiday week The number of applications for mortgages at major U.S. banks dropped 3.9% on a seasonally adjusted basis last week compared to the prior week, the Mortgage Bankers Association reported Wednesday. Applications were also were down on a year-over-year basis, lower by 1.6%. Applications for loans to buy a home increased 1.3% in the past week, but theyre down about 14.6% from a year ago similar to the decline in home sales over that time. Applications for loans to refinance an existing loan dropped 9.6% in the past week but are up about 18% from a year

U.S. mortgage applications jump in latest week-MBA Applications for U.S. home mortgages rose to their highest levels in over a year last week as home purchases and loan refinancings continued to rebound, an industry group said on Wednesday. The seasonally adjusted index of total mortgage applications jumped 11.4 percent in the week ended Dec. 8 to 721.2, the highest level since October 2005, following a recent drop in borrowing costs, according to the Mortgage Bankers Association. The four-week moving average for the applications index rose by 2.9 percent to 647.9, the MBA said. Long-term, 30-year fixed mortgage rates that influence most home loans averaged

U.S. mortgage applications decrease last week-MBA U.S. mortgage applications fell last week, driven by a steep decline in home purchasing loans even as interest rates dropped, an industry trade group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week ended May 19 decreased 6.0 percent to 552.6 from the previous weeks 588.0. The MBAis seasonally adjusted purchase mortgage index fell 7.1 percent to 396.4. The index was also below its year-ago level of 482.3. More: today.reuters.com

U.S. MBAs Mortgage Applications Index Rose 3.2% Last Week Mortgage applications in the U.S. rose last week to the highest level in more than three months after a recent decline in borrowing costs spurred home buying. The Mortgage Bankers Associations index of applications to buy a home or refinance an existing loan increased 3.2 percent to 584.2. The groups gauge of purchases rose 5.3 percent to a nine-week high. Refinancing edged up as well. The report suggests the slowdown in housing after a five- year boom will be gradual and unlikely to jeopardize economic growth, economists said. More affordable prices, mortgage

U.S. mortgage applications rose last week -MBA U.S. mortgage applications rose last week, led by an increase in demand for home purchase loans even as interest rates climbed for a fourth consecutive week, an industry trade group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week ended Dec. 29 increased 3.6 percent to 575.6. The index stood at 555.8 in the previous week, which was its lowest level since early August. Borrowing costs on 30-year fixed-rate mortgages, excluding fees, averaged 6.22 percent, up 0.10 percentage point from the previous week. Four weeks prior,

Mortgage Applications Surge on Low Interest Rates With long-term interest rates remaining at their lowest levels of the year, mortgage applications surged last week, according to the latest Weekly Mortgage Applications survey from The Mortgage Bankers Association (MBA). For the week ending December 8, the MBAs survey showed that the weekly Market Composite Index, which measures mortgage loan application volume, increased 11.4 percent overall from the previous week. Refinance applications, which rose 15.8 percent, saw their largest gain in over a year, while purchase applications also showed significant growth with a week-over-week increase of 8.7 percent. Bob Walters, chief economist of Quicken Loans,

U.S. mortgage applications decrease last week --MBA U.S. mortgage applications slumped last week, weighed down by a plunge in demand for home refinancing loans, as interest rates climbed from recent lows, an industry trade group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week ended Dec. 15 decreased 10.2 percent to 647.6 from the previous weeks 721.2, which was its highest level in over a year. Borrowing costs on 30-year fixed-rate mortgages, excluding fees, averaged 6.10 percent, up 0.08 percentage point from the previous week. Two weeks prior, 30-year mortgage rates fell to

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