Overall Florida mortgage applications fell in the last week, dragged down by the sinking demand for refinancing as long-term home loan rates remain at their highest levels since October. (more…)
Mortgage applications fell throughout the state last week, weighed down by a plunge in demand for Florida mortgage refinancing as home loan rates reached seven-month highs. (more…)
Florida mortgage applications rose last week for the fourth out of the past five weeks, despite a rise in long-term borrowing costs to their highest level since early February. (more…)
Florida home mortgage applications fell for the first time in four weeks, weighed down by sagging demand for home purchase loans. (more…)
Home loan applications rose across the state for the third straight week, driven by demand for both purchase and Florida refinance activity. (more…)
Applications for new Florida mortgages increased 0.6 percent last week on higher demand for loans to buy a home, an industry trade group reports.
Florida mortgage applications rose last week after five straight weekly declines, as lower home loan rates fostered both home purchases and refinancing activity.
Florida mortgage applications fell for the fifth consecutive week, which reflects a drop in demand for home purchase loans across the Sunshine State as well as for home loan refinancing.
Applications for Florida mortgages again fell last week as interest rates rose, the Mortgage Bankers Association reported Wednesday.
The number of applications filed at major mortgage lenders dropped for a fourth straight week, as adjustable-rate Florida home loans fell to their lowest share of applications in nearly four years.
Florida home loan applications for both home purchases and refinancing fell last week when mortgage rates increased, the Mortgage Bankers Association (MBA) said Wednesday.
In its seasonally adjusted index of home mortgage applications, the MBA said volume declined for third straight week, falling by 3.2 percent to 649.5 in the week ending March 30.
The purchase index declined 2.0 percent to 402.9, while Florida mortgage refinancing applications fell 4.5 percent in the past seven days.
Borrowing costs rose for all home loan products, most notably the 30-year fixed-rate mortgage, the industry’s benchmark loan.
The 30-year, fixed rate Florida mortgage rose 0.09 percent from the prior week to 6.13 percent, its highest since 6.16 percent February 23.
The week’s slide in mortgage applications dragged all indexes down on a four-week moving average, which smooths out weekly volatility.
Where is the market headed? Reports over the past few week on home sales and home prices have painted a mixed picture for economists.
However, long-term Florida mortgage rates remain relatively low, which should bolster mortgage loan applications across the board.
Average 30-year home loan rates were close to 6.50 percent a year ago.
However, stricter Florida mortgage lender standards instituted to stave off late payments and foreclosures, especially among people with poor credit, likely will stall the recovery in the housing mark, most analysts feel.
SOURCE: Reuters
