Tag Archive for ‘30-year fixed-rate mortgage’

Mortgage Activity Decelerates

The Mortgage Bankers Association’s (MBA) latest Weekly Application shows a mild slowdown in purchase and refinancing activity from the previous week, on a seasonally adjusted basis. The Market Composite Index decreased by 8.7% and its constituent Purchasing and Refinancing indices decreased by 3.0% and 11.7%, respectively. The MBA’s 30-year fixed-rate mortgage rate remained unchanged from the previous week at the… Read More ›

Purchasing and Refinance Activity Thrive Amid Low Rates

As the Mortgage Bankers Association’s 30-year fixed-rate mortgage rate reached a new historic low of 3.3%, sliding down by 8 basis points from the previous week, its benchmark Market Composite Index increased by 8% from the previous week, on a seasonally adjusted basis. Purchase applications increased to the highest level in over 11 years and for the ninth consecutive week…. Read More ›

Home Purchasing Climbs for Eighth Straight Week

The latest round of the Mortgage Bankers Association’s (MBA) Weekly Application Survey showed an increase in its benchmark Market Composite Index for the week ending on June 5 by 9.3% from the previous week on a seasonally adjusted basis. Refinancing activity, which had been showing week-to-week declines since the second week of April, showed a sharp turnaround this week and… Read More ›

Uncertainty Looms as Economy is Poised for Recovery

The 30-year fixed-rate mortgage rate has been known to follow, albeit loosely, the 10-year Treasury yield. The latter is a widely tracked economic indicator and serves not only as a sign for the pulse of the U.S. economy, but also as a premium for pricing myriad financial instruments, upon which characteristics specific to the financial instrument are added. Throughout the… Read More ›