ARM Rush Pushes Mortgage Applications Up

ARM Rush Pushes Mortgage Applications Up

ByTMN Editor Reading Time: 2 minutes

Mortgage applications rose slightly last week, driven by an increase in adjustable-rate applications. The Mortgage Bankers Association’s weekly survey shows the adjusted Market Composite Index – a measure of mortgage loan application volume – increased by 0.6%. Mortgage rates shot up for all loan types but adjustable-rate mortgages, leading to a rush on these loans,…

Applications Sink Again To 22-Year Low

Applications Sink Again To 22-Year Low

ByTMN Editor Reading Time: 2 minutes

Mortgage loan application volume fell 1.2% last week to a 22-year low as the 30-year fixed rate rose to its highest point in almost a month, the Mortgage Bankers Association’s weekly survey shows. The adjusted Market Composite Index, a measure of mortgage loan application volume, decreased by 1.2%. The adjusted purchase index fell 1% while…

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