Treasuries are slightly lower this morning ahead of the $21 billion auction this afternoon and also after a report showing that Chinese exports jumped 50% in May. The mortgage applications report showed a 12% drop last week even with the lower rate environment.
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Tag Archives: Mortgage Applications
Home Loan Demand Increases
According to ABC News, U.S. mortgage applications increased last week, showing that more home buyers are entering the market before mortgage rates increase further. While interest rates have been slowly creeping higher, rates are still incredibly low when compared to the years before.
Capital Markets Update- Mortgage Applications Increase 21%
Mortgage applications increased 21% for the week ending January 29th, with the purchases increasing 10.3% and refinance activity increasing 26.3%.
Capital Markets Update – FOMC Plans to Keep Rates Low
The FOMC, whose 2-day policy meeting ends today, is likely to maintain its pledge to keep its main interest rate “exceptionally low” for an “extended period.”
Mortgage Applications Continue Upward Climb
Last week, the number of Americans applying for mortgages increased 9.1 percent when compared to the week prior, according to a report released today by the Mortgage Bankers Association (MBA). The study showed refinance applications surged nearly 11 percent, while applications from those seeking to purchase a home also climbed 4.4 percent.
Mortgage Applications Up on Increased Refinancings
Last week low rates drove mortgage applications higher, according to the latest Weekly Mortgage Applications Survey, released today by The Mortgage Bankers Association (MBA).
Mortgage Applications Fall as Refinance Activity Softens
Last week, the number of Americans applying for mortgages decreased 2.5% when compared to the week prior, according to a report released today by the Mortgage Bankers Association (MBA). The study showed refinance applications decreased 1.4 percent, while applications from those seeking to purchase a home tumbled 4.7 percent.
Quicken Loans Capital Markets Update – Mortgage Applications Reach Highest Level Since Spring
In terms of economic releases today, the MBA already released their mortgage application index for the past week. Mortgage applications rose 16% last week to the highest level since spring. Currently, Treasuries are little changed in front of today’s 10-year Treasury note auction activity.
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