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Higher rates lead to drop in mortgage applications

It didn't take much to stem the miniboom in mortgage refinancing. Slightly higher interest rates brought total loan application volume down 9 percent last week, according to the Mortgage Bankers Association …

The Financial Mistake That Can Cost Homeowners a Bundle

Interest rates have bounced around historical lows for years, yet a surprising number of homeowners who could benefit from a refinancing still haven’t taken advantage of the potential cost savings, Ed Conarchy, a mortgage adviser for Cherry Creek Mortgage in Gurnee, Illinois, said in a new Bankrate report issued Monday. The Mortgage Bankers Association forecasted that rates might increase to a …

mortgage loan Rates Ticked Higher Last Week

The Mortgage Bankers Association report on mortgage applications noted a week-over-week decrease in the group’s seasonally adjusted composite index for the week ending January 23.

Weekly mortgage applications drop on tiny rate bump

Total volume dropped 3.2 percent for the week ending January 23 on a seasonally adjusted basis, according to the Mortgage Bankers Association (MBA). The results include an adjustment for the Martin Luther King holiday as well. After huge gains at the beginning of this month, mortgage applications are still up a striking 36 percent from a year ago.

Mortgage applications rise on refinancing surge

Building on the huge momentum two weeks ago, mortgage application volume jumped further last week, up 14.2 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association (MBA).

U.S. mortgage applications rise in latest week: MBA

NEW YORK, (Reuters) – Applications for U.S. home mortgages rose last week as mortgage rates continued to slide, bringing activity to a 17-month high for a second straight week, data from an industry group showed on Wednesday.