Scotsman Guide > News > December 2018 > News Story

 Enter your e-mail address and password below.

  •  
  •  

Forgot your password? New User? Register Now.

News Archives

 
Subscribe icon Subscribe to our weekly e-newsletter, Top News.

Mortgage applications fall in latest survey


Mortgage applications declined for the first time in a month despite lower rates, the Mortgage Bankers Association (MBA) reported.

MBA’s adjusted composite index was down 5.8 percent for the week ending Dec. 14. The refinance index fell 2 percent compared to the prior week, MBA said. The adjusted purchase index declined 7 percent over the week.

"Despite mortgage rates falling across the board last week to their lowest levels in three months, mortgage applications also declined, as more potential borrowers likely stayed away because of ongoing financial market volatility and economic uncertainty," said Joel Kan, MBA associate vice president of economic and industry forecasting. Kan said the week saw a larger decline in government-backed loan refinances than conventional refinances.

The refinance share of applications, however, increased by 2.4 percentage points to 43.5 percent. 


 

Questions? Contact at (425) 984-6017 or victorw@scotsmanguide.com.

Get the latest news and articles from Scotsman Guide straight to your inbox.


Send me the following e-mails:





Learn more about Scotsman Guide e-mails

Thank you for signing up to receive e-mails from Scotsman Guide.

A confirmation e-mail has been sent to the address you provided.

For questions regarding your e-mail subscriptions please contact Circulation@ScotsmanGuide.com or call (800) 297-6061.


Fins A Lender Post a Loan
Residential Find a Lender Commercial Find a Lender
Follow Us:Visit Scotsman Guide Facebook pageVisit Scotsman Guide LinkedIn pageVisit Scotsman Guide Twitter page
 
 
 
 

 
 

© 2019 Scotsman Guide Media. All Rights Reserved.  Terms of Use  |  Privacy Policy