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Mortgage applications up 33.3% from holiday week

Housing Wire

While the market composite index increased over 33% on a seasonally adjusted basis, the index increased 52% on an unadjusted basis during the same time period. This week’s reading, for the week ending Jan. 10, 2025, is a stark difference from last week’s applications , which reflected a seasonal lull following Christmas.

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Struggling homeowners often don’t understand escrow

Housing Wire

Mortgage escrow accounts are an important, yet widely misunderstood asset in the housing market. Although 80% of mortgage holders have escrow accounts, only 60% fully understand them, up from 52% in early 2024. And those who don’t understand are paying dearly.

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We just had the strongest refi week in months

Housing Wire

Mortgage rates moved lower last week, consistent with lower Treasury yields following the FOMC meeting and a volatile week for [the] stock market. The 30-year fixed rate declined to its lowest level in six weeks at 6.97%, said Joel Kan, MBAs vice president and deputy chief economist. from the week prior.

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Mortgage applications drop after weeks of growth

Housing Wire

Mortgage applications decreased 6.2% That’s according to the latest data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending March 14, 2025. The Market Composite Index, which measures mortgage loan application volume, decreased 6.2% the previous week.

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Purchase applications continue growth streak this spring

Housing Wire

Treasury yields continue to be volatile as economic uncertainty dominates markets. Most mortgage rates finished last week lower, with the 30-year fixed essentially unchanged at 6.70%. For 30-year fixed-rate mortgages with jumbo loan balances, rates decreased to 6.76% from 6.77%.

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Slightly lower mortgage rates fuels strong refi activity

Housing Wire

Mortgage applications increased 2.3% The Mortgage Bankers Association ‘s market composite index increased 6% on an unadjusted basis compared with the previous week. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) saw marginal movement to 6.95% from 6.97%.

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The mortgage market just had its strongest week in months

Housing Wire

Total home loan applications increased 2.8% 1 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). The 30-year fixed-rate mortgage averaged 7.17% last week. The adjustable-rate mortgage (ARM) share of activity decreased to 7.4% for the week ending Dec.

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