Mortgage applications fall as higher rates scare spring buyers

Mortgage applications fall as higher rates scare spring buyers. Mortgage Applications Soars

Mortgage applications fall as higher rates scare spring buyers video duration 2 Minute(s) 55 Second(s), published by YT Night News on 09 06 2019 - 08:00:52.

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Please follow our twitter https://twitter.com/YTNightNews1 and get the latest hot Loan Estimate Form Information and Overview https://www.nationalvaloans.com/ In this video Jeff from National VA Loans goes over the Loan Estimate Form .

. Unsure of what info and documentation you will need to apply for a mortgage? Watch this video from Gene Mundt, Mortgage Originator (NMLS #216987) to learn Applications for new mortgages surged in the past week due to a big drop in interest rates
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Please follow our twitter https://twitter.com/YTNightNews1 and get the latest hot news in future.Homebuyers had been brushing off the slight rise in rates during recent weeks, but as those rates move even higher, pruchasers are now pulling back.Overall mortgage application volume fell 7.3% last week from the previous week, but it was 6.6% higher than a year ago, thanks to stronger refinance volume, according to the Mortgage Bankers Association's seasonally adjusted index.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) increased to 4.46% from 4.44%, with points increasing to 0.44 from 0.42 (including the origination fee) for loans with a 20% down payment. The rate has risen 10 basis points in the past three weeks and is now at its highest level in over a month. \