Mortgage Volume Tumbles

Mortgage Volume Tumbles

The Market Composite Index, a measure of mortgage loan application volume, decreased 5.8 percent on a seasonally adjusted basis from one.

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– Reverse Mortgage Volume Tumbles to New 2016 Low in July-After a slight bump in HECM endorsements in June, industry volume tumbled once again-this time to the lowest level seen this year thus far. In July, HECM endorsements totaled 3,534 loans, a decrease of 6.3% from the previous month.

The Market Composite Index, a measure of overall mortgage loan application volume, fell 7.6 percent on a seasonally-adjusted basis to 603.8; in spite of the weekly drop, application activity.

Mortgage application volume wasn't as stellar as it was last week as rates climbed slightly, but it was still up across the board on an annual.

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As interest rates have risen over the last several months, mortgage originations appear to be trending down, especially in the refinance space.

Mortgage rates were driven down this week by weak economic data and. Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 4.31. ( Points are fees paid to a lender equal to 1 percent of the loan amount.).

 · According to their latest figures, released last week, mortgage loan application volume jumped by 13.5% in the week ending 11 th January, the gains coming off the back of.

Mortgage originations hit a three-year high in the second quarter, according to new data from Black Knight Financial Services. First-lien originations saw a volume of more than $500 billion, the.

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 Reverse Market Insight.

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After soaring to a near 10-year high, HELOC originations took an unexpected tumble in the third quarter, falling 14% from the previous quarter and 11% from the year before. But one expert says volume should trend upward in 2019, as rising rates make HELOCs an attractive option for tapping home equity.

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