{"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":"

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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

“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,” says Lynn Fisher, the Mortgage Bankers Association’s vice president of research and economics. “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.”<\/p>\n

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

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

The average on a 30-year fixed-rate mortgage was unchanged last week at 4.13 percent, the MBA reports.<\/p>\n

Source: \u201cMortgage Applications Hold Steady as Rates Remain Low,\u201d CNBC (June 21, 2017)<\/em><\/p>\n

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 Realtors.org <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

[ad_1] Mortgage applications for refinancings and home purchases remained elevated last week as mortgage rates continued … 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_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_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,"jetpack-related-posts":[{"id":8656,"url":"https:\/\/amazingproperty.com.ng\/blog\/drop-in-rates-still-doesnt-budge-loan-demand\/","url_meta":{"origin":5032,"position":0},"title":"Drop in Rates Still Doesn\u2019t Budge Loan Demand","author":"Amazing Property","date":"May 30, 2018","format":false,"excerpt":"Mortgage rates eased last week following recent increases, but would-be home buyers or refinancers didn\u2019t bite. Total mortgage application volume, which reflects for refinancings and home buying, dropped 2.9 percent last week on a seasonally adjusted basis, the Mortgage Bankers Association reported Wednesday. This marked the sixth consecutive week of\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Mortgage Activity 053018.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/Mortgage_Activity_053018.png?fit=600%2C315&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/Mortgage_Activity_053018.png?fit=600%2C315&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/05\/Mortgage_Activity_053018.png?fit=600%2C315&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":8055,"url":"https:\/\/amazingproperty.com.ng\/blog\/loan-demand-stalls-in-volatile-week\/","url_meta":{"origin":5032,"position":1},"title":"Loan Demand Stalls in Volatile Week","author":"Amazing Property","date":"February 7, 2018","format":false,"excerpt":"The highest mortgage rates in four years caused a pause in mortgage applications from home buyers and refinancers during a time when the market generally starts picking up in preparation for the spring season. Any shakeout from dips in the stock market in recent days will become more evident in\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Mortgage Activity 020718.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Mortgage_Activity_020718.png?fit=600%2C315&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Mortgage_Activity_020718.png?fit=600%2C315&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Mortgage_Activity_020718.png?fit=600%2C315&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":6659,"url":"https:\/\/amazingproperty.com.ng\/blog\/lower-rates-spark-higher-loan-demand\/","url_meta":{"origin":5032,"position":2},"title":"Lower Rates Spark Higher Loan Demand","author":"Amazing Property","date":"October 18, 2017","format":false,"excerpt":"A slight decrease in mortgage rates brought refinancers and home shoppers back to lenders last week. Total mortgage application volume for refinancings and home purchases rose 3.6 percent week-over-week on a seasonally adjusted basis, the Mortgage Bankers Association reported Wednesday. However, the volume still is nearly 19 percent below the\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Mortgage Activity 101317.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/Mortgage_Activity_101317.png?fit=600%2C315&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/Mortgage_Activity_101317.png?fit=600%2C315&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/Mortgage_Activity_101317.png?fit=600%2C315&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1145,"url":"https:\/\/amazingproperty.com.ng\/blog\/loan-demand-sluggish-heading-into-spring\/","url_meta":{"origin":5032,"position":3},"title":"Loan Demand Sluggish Heading Into Spring","author":"Amazing Property","date":"February 22, 2017","format":false,"excerpt":"[ad_1] As real estate heads into its busy spring season, consumers aren't showing typically large demand for mortgage loans just yet. Total mortgage application volume, which includes refinances and home purchases, dropped 2 percent week over week for the week ending Feb. 17, the Mortgage Bankers Association reports. Total mortgage\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5761,"url":"https:\/\/amazingproperty.com.ng\/blog\/lower-rates-not-swaying-borrowers\/","url_meta":{"origin":5032,"position":4},"title":"Lower Rates Not Swaying Borrowers","author":"Amazing Property","date":"August 17, 2017","format":false,"excerpt":"Mortgage rates dropped to the lowest averages since November, but that did little to entice home buyers and refinancers last week. The Mortgage Bankers Association reports that total mortgage application volume\u2014including for refinancing and home purchases\u2014eked out just a 0.1 percent week-over-week increase. Volume is nearly 22 percent lower than\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Mortgage_Activity_081717.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Mortgage_Activity_081717.png?fit=600%2C315&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Mortgage_Activity_081717.png?fit=600%2C315&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Mortgage_Activity_081717.png?fit=600%2C315&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1471,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-apps-surge-as-rates-inch-lower\/","url_meta":{"origin":5032,"position":5},"title":"Mortgage Apps Surge as Rates Inch Lower","author":"Amazing Property","date":"March 1, 2017","format":false,"excerpt":"[ad_1] A slight decline in mortgage 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. 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