{"id":5032,"date":"2017-06-21T00:00:00","date_gmt":"2017-06-21T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/steadier-mortgage-rates-buoy-loan-demand\/"},"modified":"2017-06-21T00:00:00","modified_gmt":"2017-06-21T00:00:00","slug":"steadier-mortgage-rates-buoy-loan-demand","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/steadier-mortgage-rates-buoy-loan-demand\/","title":{"rendered":"Steadier Mortgage Rates Buoy Loan Demand"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div readability=\"43.490416666667\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"34.41\"><!--paging_filter--><\/p>\n<p><a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">Mortgage<\/a> applications for refinancings and home purchases remained elevated last week as mortgage rates continued to give consumers incentive to make a move.<\/p>\n<p>&#8220;Both the 10-year Treasury yield and the 30-year conventional mortgage fixed rate held steady last week, keeping rates well below the recent highs,&#8221; says Lynn Fisher, the Mortgage Bankers Association&#8217;s vice president of research and economics. &#8220;The recent pause in the upward movement of interest rates continues to encourage late-to-the-game borrowers to refinance and to assist those ready to purchase.&#8221;<\/p>\n<p>Total mortgage application volume increased 0.6 percent on a seasonally adjusted basis last week, the MBA reported Wednesday. Still, total volume is nearly 14 percent lower compared to a year ago.<\/p>\n<p>The low rates boosted\u00a0refinance activity, with volume\u00a02 percent higher week over week. Meanwhile, applications for home purchases dropped 1 percent last week. However, purchase applications remain 9 percent higher than the same week a year ago.<\/p>\n<p>The average on a 30-year fixed-rate mortgage was unchanged last week at 4.13 percent, the MBA reports.<\/p>\n<p><em>Source: \u201cMortgage Applications Hold Steady as Rates Remain Low,\u201d CNBC (June 21, 2017)<\/em><\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"\" src=\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2017_jun\/Mortgage_Activity_062117.png\" style=\"width: 600px; height: 315px;\"\/><\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/V-gsxvSDfsk\/steadier-mortgage-rates-buoy-loan-demand\"> Realtors.org <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Mortgage applications for refinancings and home purchases remained elevated last week as mortgage rates continued &hellip; <a title=\"Steadier Mortgage Rates Buoy Loan Demand\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/steadier-mortgage-rates-buoy-loan-demand\/\"><span class=\"screen-reader-text\">Steadier Mortgage Rates Buoy Loan Demand<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":5033,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":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},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[15239,1418,12908,543,408,1032,1295,41,818,479],"class_list":["post-5032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-chase","tag-fish","tag-home","tag-home-buying-guide","tag-mortgage","tag-mortgage-bank","tag-mortgage-rate","tag-property","tag-real","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/Mortgage_Activity_062117.png?fit=600%2C315&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/5032","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=5032"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/5032\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/5033"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=5032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=5032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=5032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}