Mortgage application volume rises, driven by refinances

(Reuters) – U.S. mortgage applications climbed. The Washington-based group’s seasonally adjusted index on mortgage activity increased 1.3% to 518.7 in the week ended June 21, propelled by a 3.2%.

Rates are so low right now that homeowners might want to look into doing a refi, even with a mortgage that’s only a year old. Take a look at this week’s best mortgage rates where you are. Refinance.

Mortgage application volume rises, driven by refinancesCNBC’s Diana Olick reports on the latest mortgage application data.. read moresource: cnbcpublished on 2019-06-05 Tweet

View the latest mortgage applications data with charts for. a trend of increasing refinance applications implies consumers are seeking out lower monthly payments.. Purchase Volume Rises.

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"Despite the less positive outlook, both purchase and refinance applications surged, driven mainly by these lower rates. The refinance index jumped 47 percent to its highest level since 2016." Added Kan, "With the 30-year fixed-rate mortgage at its lowest level since September 2017, purchase activity was more than 10 percent higher than a year ago.

NEW YORK, Aug 28 (Reuters) – U.S. mortgage applications recorded their. The Washington-based industry group’s seasonally adjusted index on loan requests to buy a home and to refinance one fell 6.2%.

The Market Composite Index, a measure of mortgage loan application volume, increased 1.3 percent on a seasonally. which led to an increase in refinance activity, partly driven by a 9 percent jump.

Mortgage Refinance application volume rises again, hits three-year high. Seeing slight increases for the week, mortgage application volumes for refinance and new purchases continue their slow rise.

Rise in Mortgage Applications Driven by Refinances. Home NTXAMP News Rise in Mortgage Applications Driven by Refinances . Mortgage application volume moved higher last week, and it was refinances that drove the increase. jumbo rates remained lower than conforming rates – which rose to.

Mortgage Credit Loosens, Application Volume Rises All in February March 17, 2017 By Justin February was a strong month in terms of availability of mortgage credit and volume of mortgage applications for new homes , according to separate indices by the Mortgage Bankers Association (MBA).

Mortgage applications continued to rise over the last week, thanks to a rising tide of refinance applications, a new report from mortgage bankers association shows. According to the MBA’s Weekly.