Mortgage Volume Tumbles

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.

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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 [.]