Mortgage applications increase on higher purchase volume

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An increase in purchase activity drove the week-over-week rise in mortgage application volume as homebuyers entered the market while interest rates fell, according to the Mortgage Bankers Association.

Mortgage refinancing jumps as rates tumble but loans for home. – The refinancing volume drove a 2.4% increase in overall mortgage applications compared to the prior week, MBA said.. "Purchase activity declined again, but remained around 7% higher than a.

sales rose by 66 percent, while the FHA for-purchase endorsement dollar volume dropped by 55 percent. Exhibit IV-2 shows the mortgage origination volume and FHA’s market share. The divergent trend between the number of houses sold and number of loans FHA endorsed led to the substantial decrease in FHA’s market share in recent years.

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Mortgage application volume jumped 5.3% on. in a release. “Purchase applications for both conventional and government loans rose last week, with the government gain led by a 14 percent increase in.

On an unadjusted basis, the Market Composite Index, a measure of mortgage loan application volume, rose 2% over. share.

Applications to refinance mortgages surged 8 percent last week as rates dropped for the fourth straight week, the Mortgage.

The seasonally adjusted purchase index increased 6% from one week earlier. The unadjusted purchase index decreased 1% compared with the previous week and was 3% higher than the same week one year ago. The market composite index, a measure of mortgage loan application volume, increased 2.7% on a seasonally adjusted basis from one week earlier.

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