Mortgage applications increase 1.3%

MBA: Mortgage applications rise thanks to falling mortgage rates – Declining mortgage rates once again spurred an increase in mortgage applications, according to the Mortgage Bankers.

Foreclosure starts reach lowest level since 2005 Lenders completed foreclosure (REO) on 25,990 U.S. properties in April, down 9 percent from the previous month and down 22 percent from a year ago to the lowest level since February 2015 – a 26-month (more than 2 year) low and running just above the pre-recession average of 25,796 per month between April 2005 and November 2007.

FHFA: House Prices Increase 1.3% – 1800ForBail – House prices rose 1.3 percent in the third quarter of 2018, according to the Federal Housing Finance Agency House Price Index. House prices rose 6.3 percent from the third quarter of 2018 to the third quarter of 2017. FHFA’s seasonally adjusted monthly index for September was up 0.2 percent from August.

The Future of Mortgage Applications Online! Mortgage Applications Increase in Latest MBA Weekly Survey – The Market Composite Index, a measure of mortgage loan application volume, increased 1.3% on a seasonally adjusted basis from. This third straight weekly increase in the Purchase Index was driven.

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