Mortgage rates have been low for years, but the impact of Brexit has brought us close to record lows once again, with jumbo rates already at their lowest levels. In addition to the increase in.

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Due to a significant drop in mortgage rates, mortgage application volume jumped 21.7% during the week ended Aug. 9, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. The increase was due mainly to a surge in applications for refinances that was driven by the previous week’s significant drop in rates.

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Mortgage applications rose for the fifth time in six weeks, as key interest rates fell by 11 basis points and average loan application size at a record for the third straight week, the Mortgage Bankers Association reported this morning in its Weekly mortgage applications survey for the week ending March 15.

WASHINGTON, D.C. (August 14, 2019) – Mortgage applications increased 21.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 9, 2019. The Market Composite Index, a measure of mortgage loan application volume, increased 21.7 percent on a seasonally adjusted basis from one week earlier.

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A plunge in applications for government-insured loans was. since july 2015. mortgage rates jumped decisively following the presidential election, pulled back slightly at the start of the new year.

"The supply of credit continues to drift higher, driven once again. loans was essentially unchanged from the previous month," said Joel Kan, MBA’s Associate Vice President of Economic and Industry.

"Mortgage rates declined once again, as concerns about the slowing global economy and status of Brexit continued to drive investors’ demand for U.S. Treasuries, ultimately pushing yields lower," says Joel Kan, associate vice president of economic and industry forecasting for the MBA, in a statement.

MBA’s associate vice president of economic and industry forecasting. "Once again there was an increase in average refinance loan sizes, as borrowers with larger balances responded accordingly to lower.

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Mortgage applications rose a whopping 21.7% from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 9, 2019.