Weekly mortgage applications drop 3.3%, as spring housing season draws.

Weekly mortgage applications drop 3.3%, as spring housing season draws Do's and Dont's Before Submitting Your Mortgage Application SHORT INTRO

Weekly mortgage applications drop 3.3%, as spring housing season draws. video duration 2 Minute(s) 17 Second(s), published by YT Night News on 29 05 2019 - 11:31:16.

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Please follow our twitter https://twitter.com/YTNightNews1 and get the latest hot news in future.Lower mortgage rates aren't enticing homebuyers much, as the spring housing season draws to a close. Total mortgage application volume fell 3.3% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Volume was 15% higher than the same week one year ago, when interest rates were higher.Mortgage refinance volume fell 6% for the week but was markedly higher than a year ago, up 29%. Interest rates at this time last year were 51 basis points higher, so fewer homeowners could benefit from a refinance.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) remained unchanged last week at 4.33%, with points decreasing to 0.42 from 0.43 (including the origination fee) for loans with a 20% down payment. \