{"id":1471,"date":"2017-03-01T00:00:00","date_gmt":"2017-03-01T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-apps-surge-as-rates-inch-lower\/"},"modified":"2017-03-01T00:00:00","modified_gmt":"2017-03-01T00:00:00","slug":"mortgage-apps-surge-as-rates-inch-lower","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-apps-surge-as-rates-inch-lower\/","title":{"rendered":"Mortgage Apps Surge as Rates Inch Lower"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div readability=\"41.324027916251\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"30.993020937188\"><!--paging_filter--><\/p>\n<p>A slight decline in <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">mortgage<\/a> rates sent total mortgage application volume up 5.8 percent last week\u00a0on a seasonally adjusted basis compared to the previous week, the Mortgage Bankers Association reported Wednesday. Applications for home purchases, a gauge of future homebuying activity, rose 7 percent, while refinance applications increased 5 percent, reaching the highest level since December.\u00a0<\/p>\n<p>Still, applications should be much higher, the MBA notes. Applications for home purchases are 5 percent lower than a year ago, and applications for refinances are 45 percent lower. Interest rates are about 50 basis points higher than a year ago.<\/p>\n<p>The average on a 30-year fixed-rate mortgage decreased slightly to 4.3 percent last week from 4.36 percent, the MBA reported. The dip is expected to be short-lived. Earlier this week, the Federal Reserve cautioned that a March rate hike was looking more likely.<\/p>\n<p><em>Source: \u201cMortgage Applications Surge 5.8 Percent, as Rates Briefly Dip,\u201d CNBC (March 1, 2017)<\/em><\/p>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/sYLpSTDzV60\/mortgage-apps-surge-rates-inch-lower\"> link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] A slight decline in mortgage rates sent total mortgage application volume up 5.8 percent last &hellip; <a title=\"Mortgage Apps Surge as Rates Inch Lower\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-apps-surge-as-rates-inch-lower\/\"><span class=\"screen-reader-text\">Mortgage Apps Surge as Rates Inch Lower<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1472,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4],"tags":[1403,15239,12908,543,408,1032,1295,41,818],"class_list":["post-1471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-buy","tag-chase","tag-home","tag-home-buying-guide","tag-mortgage","tag-mortgage-bank","tag-mortgage-rate","tag-property","tag-real"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/sYLpSTDzV60","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=1471"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/1472"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=1471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=1471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=1471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}