MBA: New home purchase apps fall 8% New single-family home sales rate drops in May. june 13, 2014.. according to the Mortgage Bankers Association Builder Application Survey.

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The latest survey reported that for July, which sits toward the end of the spring and fall home-buying rush, mortgage applications for new home purchases increased 5.1% compared to July 2016.

The share of mortgage applications for refinances just fell to a level not seen since October 2008, new. to 8.5% of total applications, down from 9% in the previous week, which was the highest.

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Purchase mortgage applications continue to decline, falling to their lowest level since the start of the spring, as supply constraints limit homebuyer activity, according to the Mortgage Bankers Association. The 3% seasonally adjusted decline in purchase volume led to a 1.4% drop in total mortgage application activity compared with one week earlier.

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NEW YORK (Reuters) – Applications for U.S. home mortgages fell for a second week. while adjustable-rate mortgages rose 8.3 percent last week to the biggest share since July 2008. The MBA typically.