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Refinance Volume Continued to Slow in Fourth Quarter. These borrowers meet the basic HARP eligibility requirements, have a remaining balance of $50,000 or more on their mortgage, have a remaining term on their loan of greater than 10 years, and their mortgage interest rate is at least 1.5 percent higher than current market rates.
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With strong deal volume, it is no surprise that apartment prices continued to increase. RCA CPPI, which measures apartment values, said that prices rose 11.6 percent YOY in Q2’18, which was the strongest performance across all commercial property types.
Mortgage application activity was virtually flat from one week earlier, down just 0.1%, although there was a huge gain in federal housing administration refinance volume, according to the Mortgage Bankers Association. The MBA’s Weekly Mortgage Applications Survey for the week ending June 28 found that the refinance index decreased 1% from the previous week, while [.]
Mortgage rates were essentially flat. loan application volume – decreased 1.7 percent from a week earlier. The refinance index fell 3 percent from the previous week, while the purchase index.
Mortgage Application Activity Slows Significantly Jun 28 2017, 7:30AM Applications for mortgages plunged during the week ended June 23, even as interest rates remained relatively stable.
The refinance share of mortgage activity decreased to 47.8 percent of total applications, its lowest level since August 2017, from 49.4 percent the previous week. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) increased to its highest level since March 2017, 4.41 percent.
Traditional rate-and-term refinance activity has all but been dead for nearly all of 2018, so it’s little surprise that the share of refinancing for cash-out purposes has grown. To be sure, there is no massive "equity extract" happening; cash-out refinance balances totaled.
The refinance share of mortgage activity was at its highest level in nearly a year, accounting for 46.8 percent of all applications. “Mortgage lenders for the second straight week reported a solid.
How acting Ginnie Mae chief is trying to get to the bottom of VA refis The Blue Water Navy Vietnam Veterans Act would hike the VA’s mortgage "guarantee fees" to cover. younger veterans out of the housing market, including those trying to buy a first home or get.Canadian home sales climb in July on Toronto gains Ottawa, ON, March 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in February 2017. Highlights: National home sales rose 5.2% from January to February. Actual (not seasonally adjusted) activity in February was down 2.6% from a year earlier.