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U.S. Mortgage Applications Down 10%

The total number of mortgage applications filed in the U.S. last week fell 10% from the prior week as mortgage rates rose to their highest level since March, the Mortgage Bankers Association said Wednesday.The market composite index was down 9.8% on a seasonally adjusted basis for the week ended May 17 from the previous week, according to the weekly survey covering more than three-quarters of all U.S. residential-mortgage applications. The refinance index decreased 12%. On a seasonally-adjusted basis, the purchasing index slipped 3% from the prior week but was 10% higher than the same week a year earlier.Still low interest rates have attracted new buyers and persuaded many homeowners to refinance their mortgages, though tightened credit restrictions still bar many borrowers from filing loan applications.However, the increase in mortgage rates in the latest week led to the largest single week drop in refinance applications this year, said MBA's Vice President of Research and Economics M...

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  1. U.S. Mortgage Applications Up 5% Last Week

    The total number of mortgage applications filed in the U.S. last week rose 5% as several interest rates fell to their lowest level since January, the Mortgage Banker...

  2. U.S. Mortgage Applications Slip 4% Last Week

    The total number of mortgage applications filed in the U.S. last week fell 4% even as interest rates generally declined, the Mortgage Bankers Association said Wednes...

  3. Freddie Mac: U.S. Mortgage Rates Slipped Over Past Week

    Average fixed mortgage rates in the U.S. headed lower over the past week, reversing course from the previous week as the start of the spring home-buying season kicks...

  4. U.S. Mortgage Applications Down 4.3%

    The total number of mortgage applications filed in the U.S. last week slipped 4.3% as interest rates increased, the Mortgage Bankers Association said Wednesday.The r...

  5. U.S. Weekly Mortgage Applications Up 15%

    The total number of mortgage applications filed in the U.S. last week climbed 15% as interest rates fell, the Mortgage Bankers Association said Wednesday.The refinan...

  6. U.S. Mortgage Applications Down 2.9% Last Week

    The total number of mortgage applications filed in the U.S. last week fell 2.9%, the Mortgage Bankers Association said Wednesday.The refinance index slipped 3.3% for...

  7. Freddie Mac: U.S. Mortgage Rates Mixed Over Past Week

    Mortgage rates have been relatively stable, hovering near record lows, for the past four weeks which is helping to spur new home construction," noted Freddie Mac Chi...

  8. U.S. Mortgage Applications Fall 5.2%

    The total number of mortgage applications filed in the U.S. last week slipped 5.2% as some interest rates crept higher, the Mortgage Bankers Association said Wednesd...

  9. Is now the time for you to buy a house?

    Michael E. Goodman on whether it’s time for you to jump into the housing market

  10. U.S. Mortgage Rates Up Over Past Week

    Average mortgage rates in the U.S. rose over the past week amid more sign of a housing market recovery, according to mortgage-finance company Freddie Mac (FMCC).Fred...

  11. U.S. Mortgage Applications Down 2.4%

    The total number of mortgage applications filed in the U.S. last week slipped 2.4% as interest rates generally crept higher, the Mortgage Bankers Association said We...

  12. U.S. Mortgage Applications Up 7.9% in Week

    The total number of mortgage applications filed in the U.S. last week rose 7.9%, as some interest rates declined, the Mortgage Bankers Association said Wednesday.The...

  1. U.S. Mortgage Applications Down 7.3% Last Week

    The total number of mortgage applications filed in the U.S. last week fell 7.3% from the prior week as several interest rates declined, the Mortgage Bankers Associat...

  2. Delinquency rate rises, but inventory eases in Q1: MBA

    The delinquency rate on U.S. home mortgages rose in the first quarter as more homeowners fell behind on payments for the first time, data from an industry group show...

  3. U.S. Mortgage Applications Up 7% Last Week

    The total number of mortgage applications filed in the U.S. last week rose 7% from the previous week as several interest rates increased, the Mortgage Bankers Associ...

  4. U.S. Mortgage Applications Up 7% Last Week - MBA

    The total number of mortgage applications filed in the U.S. last week rose 7% from the previous week as several interest rates increased, the Mortgage Bankers Associ...

  5. Mortgage Rates Tumble Last Week

    Average mortgage rates in the U.S. fell over the past week as the 30-year fixed rate hovered just above its record low and the 15-year fixed rate set a new low, ecli...

  6. U.S. Mortgage Applications Up 2%

    The total number of mortgage applications filed in the U.S. last week rose 2% from the prior week as several interest rates slipped, the Mortgage Bankers Association...

  7. U.S. Mortgage Rates Fell Over Past Week

    Mortgage rates in the U.S. fell during the past week, with the average 15-year fixed rate and the five-year adjustable-rate both hitting record lows, according to mo...

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