New Home Applications Soar as Mortgage Rates Plummet

Mortgage rates plummet to lowest levels in nearly 2 years The 15-year fixed-rate average hit 3.28% this week, the lowest rate since September 2017 June 06, 2019 04:46PM

The mortgage bankers association (mba) said that applications for mortgages to purchase new homes dropped 14 percent in August to a seasonally adjusted annual rate of 424,000 units. On an.

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Mortgage Applications Surge On Refinances As As Rates Hit 21 Month Low and related news – Financial New Index – latest business-market news from around the web at one place. Mortgage applications surge as rates drop.. mortgage applications soar as refinances surge on a big rate drop.

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Positive economic news at home and negative news abroad impacts mortgage rates and home sales. Using past events to predict future events is tricky but history tells us this economic data predicts stable rates cannot hold for too much longer.. Mortgage Rates Drop As Stock Prices Plummet May.

The mortgage application numbers this week just put an exclamation point on an already positive trend for mortgage lenders. Consumer demand for mortgages, both to purchase a home and to refinance, is.

Bankrate’s rate table compares current home mortgage & refinance rates. Compare lender APR’s and find ARM or fixed rate mortgages & more.. Then, you’ll be on your way to your new home. Current.

New Home Applications Soar as Mortgage Rates Plummet Applications For New Home Purchases Plummet By 9% – The number of applications for new home purchases went down in August by 9% compared to July, the Mortgage Bankers Association (MBA) reports. This change does not include any adjustment for typical seasonal patterns.

"The softening in May home sales was due in part to the spike in interest rates in mid-April, when the 30-year fixed mortgage rate jumped 20 basis points in just one week to reach the highest level since 2014," says CAR president Steve White. "Homebuyers may have postponed escrow closings to wait out the effects of the rate surge.

New-home sales plummet in August as affordability squeezes buyers.. low mortgage rates.. Securing a rate lock for a new home now could help you save money in the long run.

 · U.S. mortgage rates skyrocketed to a 10-month high as investors reacted to Donald Trump’s presidential election win by pulling money out of the bond market, driving up yields that guide home.