Purchase Volume Continues Higher Despite Rising Rates

Home / Blog / Purchase Volume Continues Higher Despite Rising Rates

Posted To: MND NewsWire

It would appear that Refis' time in the sun is listing back towards purchases, as mortgage rates increased for the second straight week and application volume retreated further . The Mortgage Bankers Association's Market Composite Index, a measure of that volume, decreased 3.5 percent on a seasonally adjusted basis from the week ended April 5. On an unadjusted basis, the Index was down 3 percent. The Refinance Index decreased 8 percent from the previous week and the share of applications that were for refinancing dropped from 44.1 percent down to 41.5 percent. Falling interest rates had driven the refinancing share over 47 percent at the end of March. Meanwhile the volume of purchase applications continues to grow, up 1 percent from the previous week on a seasonally adjusted basis and 2 percent...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.



Source: http://www.mortgagen...

0a0b2f0c d6df 4861 ac9f d5d73bf8f96b 52ec514a ba2b 47d4 8de6 d5bcd9e7ea98 a074144b 4c20 4974 985a e3a97eb882e0 241296c3 6eb8 4f55 bac6 b85c6f4daab2 8db67709 f0c7 49ac a63c eb4aaa65a1c3 fe0595b1 3064 4993 8ef3 f331de2b8aae 938daaf9 4678 4318 a617 a171acb9798d c3b67375 c07c 4f78 a453 fb12a56eec9a a39131a9 d2f8 4d66 982d 6422730fa5e3 f25b0331 1a6a 4c41 a863 3ed2b5355766 c23a2ee1 99ab 455e 80ec ed920036c07f 6620eef2 6bc3 4846 b211 07937314ce88 662938bb f679 4a22 8acd 788fc8534d45 07d7ade4 cdeb 498b 8341 552038b1c91f 7b02b7fb 0fb1 489e a60d 4cb24a04a7f3 a06e9653 962d 4584 b33e c33c862a2eb9 dd901c27 6c08 4d26 ab21 0065f8fd1ae8 05a1c344 512d 499c b887 160363d6c422 689d611c de2b 4967 82fd 5ac33de72b6a 48d94295 2dd0 4507 be19 ec7ed8d3f52c 1341123f e248 4a23 a89e 1b0c2a77809f 8f269c42 ddfb 4029 90e2 6509e3596b31 0ec41608 de03 45d2 b0b5 64def3b5ed5e