Mortgage Applications Jump Nearly 10%

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. rate mortgage share of activity held steady at 7.6% of total applications. The Federal Housing Administration share of mortgage apps rose slightly from last week’s 9.7% to 10%, and the Veterans.

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Applications for mortgages backed by the Veterans Affairs represented 10.3% of all applications, up from 9.7%, while applications for mortgages backed by the U.S. Department of Agriculture remained unchanged at 0.7%.

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That means 8.2 million borrowers could refinance and lower their monthly payments by at least 75 basis points, estimates Black Knight, a mortgage software and analytics company. It’s the largest group.

Don’t miss: With mortgage rates at 2-year lows, here’s how to decide whether to refinance your home loan And yet, consumers haven’t shown much interest in buying homes these days. Last week, mortgage.

 · Data from the Mortgage Bankers Association shows that mortgage applications to purchase a home increased 10% in the most recent week and were up more than 7% in each of two weeks prior to that.

 · According to a recent analysis from, nearly 20 percent of Millennial homebuyers put down zero money when buying their house, while another 40 percent put down under 10.

Load Error Mortgage application volume dropped 0.6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. volume was 10% higher than a. fell 1.

"It certainly looks like the worst is behind us," said Leif Thomsen, chief executive officer of Mortgage Master, an top non-bank lender. "The key is to make sure interest rates stay low." Sales for.

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