Mortgage Applications On The Rise Again » Mortgage Masters Group

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Mortgage applications rose by 2.4% on a seasonally-adjusted basis. The refinance index increased 8 percent to its highest level in over a month, and once again there was an increase in average.

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“A lot of people who weren’t ready to buy are actually pulling the trigger sooner; their purchasing power drops as rates rise,” said Brandon Brotsky, a mortgage broker with the Stephens-Brotsky Group.

NEW YORK (Reuters) – Potential buyers crept back into the U.S. housing market last week as applications for mortgages edged up, even though rates resumed their ascent, data from an industry group.

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 1.3% in the group’s seasonally adjusted composite index for the week.

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With the stock market relatively calm and trade tensions easing, mortgage rates have no place to go at the moment. They seem to be in a holding pattern until lenders get a better gauge on the economy.

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The Mortgage Bankers Association’s index of loan applications surged 16 percent in the week ended March 4, the biggest gain since June. The measure fell 6.5 percent in the previous period that.

June 26 (Reuters) – U.S. mortgage applications climbed. The Washington-based group’s seasonally adjusted index on mortgage activity increased 1.3% to 518.7 in the week ended June 21, propelled by a.