Applications for New Home Purchases Up 20%, Mortgage Rates Mostly Steady

Mortgage applications for new home purchases increased 20.1% in May from a year earlier, according to new data from the Mortgage Bankers Association.

March ended with more mortgage applications for the purchase of new single-family homes, according to the Mortgage Bankers Association. This accelerated activity represented a 6.7% increase from March 2016, and a 23% increase from February 2017, which does not include seasonal adjustments.

Mortgage applications hold steady as rates remain low. diana olick. cnbc.. mortgage applications to purchase a home, which are less sensitive to weekly rate moves, fell 1 percent for the week.

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WASHINGTON >> U.S. long-term mortgage rates were little changed this week, after six straight weeks of declines putting them at historically low levels. Mortgage buyer Freddie Mac said today the.

U.S Mortgage Rates Hold Steady, While Applications Fall Again Mortgage rates held steady in the week ending 10th May, following the previous week’s fall, while mortgage applications continued to.

"Applications for new home purchase mortgages were up in August on an unadjusted basis following a sluggish July," said Lynn Fisher, MBA’s Vice President of Research and Economics. "New home purchase applications increased 5 percent over the month and increased more than 14% compared to August a year ago.

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Mortgage Rates Mostly Steady. As seen again last month, new home construction is not picking up to meet demand, and as a result, home prices are still rising at double the pace of income growth.

Plenty of websites aggregate national rates and provide up-to-date. to buy private mortgage insurance, or PMI, if you can.

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.

"The 30-year fixed-rate mortgage held steady over the week, but total applications decreased overall," Kan said. "Purchase applications may have been adversely impacted by the recent uptick in rates and the significant stock market volatility we have seen the past couple of weeks."

Mortgage rates held steady in the latest data report issued by Freddie Mac. The 30-year fixed-rate mortgage (FRM) averaged 4.45 percent for the week ending Jan. 17, unchanged from last week. The 15-year FRM this week averaged 3.88 percent, down from last week when it averaged 3.89 percent.