Mortgage applications drop for second consecutive week

Taking a look at category details, energy prices were down 5.4% in the second consecutive 5% drop. There was also a 0.1% downturn in the price of services and a 0.3% dip in trade services pricing for the retail and wholesale areas.

Mortgage rates fell for the second straight week for the week ending April 5, according to the Primary Mortgage Market Survey released by Freddie Mac. Rates for the 30-year fixed-rate mortgage.

For the second time in as many weeks, applications for mortgages have moved lower. According to the weekly survey conducted by the Mortgage Bankers Association , applications were down 2.3% in the.

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A Resource For Home Buyers.. Mortgage rates drop for third consecutive week. October 3, 2013. In the face of a government shutdown, the effect on mortgage rates seems to have been small, as rates have dropped again for the third consecutive week.

Consumers expecting lower mortgage rates less optimistic about buying Consumers expecting lower mortgage rates less optimistic about buying a house. consumer expectations of further mortgage rate drops leaves them seemingly in no rush to enter the purchase market which could.

The refinance share of mortgage activity fell to 38.4% of total applications, down from 38.5% the previous week to reach the lowest share since September 2008. The adjustable-rate mortgage (ARM) share of activity decreased to 6.3% of total applications.

. on mortgage applications Wednesday morning, noting a decrease of 9.2% in the group’s seasonally adjusted composite index. That followed a rise of 10.3% for the previous week. Mortgage loan rates.

For the second week straight, mortgage interest rates declined, according to the latest Freddie Mac Primary Mortgage Market Survey. The report has shown the 10-year Treasury yield rise by 5 basis points for the week ending July 27, 2017 while the 30-year fixed-rate mortgage dropped by 4 basis points to a new low.

 · Sydney prices were down 1.2% in the quarter, while Melbourne prices were down 0.8% – its second consecutive quarterly fall: The annual growth figures were just as stark for Sydney.

 · Even though mortgage rates increased in early April to 4.12 percent, the impact was a modest $2,000 loss in affordability compared with the last week of March. The good news for home buyers and the housing market is house-buying power is at its second highest point in over two decades. Mortgages Mortgage Rates Decrease As Mortgage Applications Drop |. The refinance share of mortgage activity remained at 56% of all mortgage applications for the second consecutive week. The adjustable-rate mortgage share of activity decreased slightly this week to 7.6% of all.