An escalation in the U.S – China trade war and negative business sentiment weighed on mortgage rates. Any near-term upside will be limited at best. U.S Mortgage Rates Tumble as Trade War Angst Bites
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Refinancing Share Tumbles to 7-1/2 Year Low.. The volume of mortgage applications rebounded sharply last week as homeowners rushed to refinance in response to another drop in mortgage rates.
The refinancing volume drove a 2.4% increase in overall mortgage applications compared to the prior week, MBA said. The 30-year fixed rate mortgage hit its lowest level since January 2018 at 4.33%, down from 4.4% the previous week, the trade group said. Mortgage rates tumble to 10-month low.
Q1 Mortgage Volume Tumbles, 2 New Top. the GSE’s gross mortgage portfolio took another tumble, falling another $5 billion down to a total value of about $390 billion, according to Fannie Mae’s June 2015 Monthly Volume Summary released. The stock has a fifty day moving average of $2.55 and traded as high as $2.39.
The rate for a jumbo 30-year fixed-rate mortgage dropped from 4.04% to 3.96%. The average interest rate for a 15-year fixed-rate mortgage slipped from 3.48% to 3.37%. The contract interest rate for.
HELOC volume takes a tumble But expert says 2019 should see a rebound December 26, 2018 By Jessica Guerin After soaring to a near 10-year high, HELOC originations took an unexpected tumble in the.
Mortgage rates tumble to 10-month low. Mortgage rates are likely to pause while the financial markets try to sort out where the economy is headed.. a measure of total loan application volume.
The Mortgage Bankers Association has projected refinancing volume will tumble 75% over the course of this year. Analysts doubt cuts in lender overhead can keep pace. Most banks acknowledge the.
Mortgage rates fell sharply over the summer as a slowing global economy and tensions from the trade war between the U.S. and China have caused interest rates on government bonds to tumble. of total.
Ron Rackley Dies – Radio World credit: jim pecksarasota, Fla. – Ron Rackley was a lifelong supporter of AM radio, and perhaps no broadcast engineer ever had a deeper understanding of AM antenna system design, according to his industry friends. That’s why his loss is deeply felt by the broadcast engineering community. Rackley died unexpectedly at his home on April 12. He.
After a slight hiccup that saw a modest gain in June reverse mortgage volume, Home Equity Conversion Mortgage (HECM) endorsements plummeted once again to their lowest level seen this year. HECM endorsements fell 6.3% in July to 3,534 loans, marking the lowest single-month tally for 2016, according to the most recent industry data tracked by [.]