Weekly mortgage applications drop 3.3%, as spring housing season draws to a close – Real Estate Technique

Weekly mortgage applications drop 3.3%, as spring housing season draws to a close – Real Estate Technique

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Mortgage applications decreased 4.1% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Sept. 19, 2014.

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The Mortgage Bankers Association’s Weekly Mortgage Applications Survey shows an increase of 2.8% in the week ending August 26 in it’s Market Composite Index, which measures mortgage loan.

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This week’s average for a 30-year fixed-rate mortgage is now 3.84%, up slightly from last week’s 3.82%, says mortgage company freddie mac. The benchmark mortgage rate remains around its lowest level. Using The mortgage payment table This chart covers interest rates from 2% to 7.875%, and loan terms of 15 and 30 years.

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Weekly mortgage applications drop 3.3%, as spring housing season draws to a close. CNBC – Diana Olick. Lower mortgage rates aren’t enticing homebuyers much, as the spring housing season draws to a close. Total mortgage application volume fell 3.3% last.

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