MBA: New home purchase apps fall 8%

Mortgage applications soared 26.8% for the week ending June 7, according to the Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey.

In a relief to the house buyers, the GST rate has been reduced to 8% from the existing 12% on purchase of houses availing of the credit-linked subsidy scheme (CLSS) under Pradhan Mantri Awas Yojna.

Jobless claims slip by 2,000 filings First-time filings for state unemployment benefits edge up by 2,000 in latest week NEW YORK (CNNfn) – The number of Americans filing new claims for unemployment benefits totaled 276,000 for the week.

However, Commerce Department also reported last week that new home sales dropping sharply last month, falling by 6.8%. September New home purchase mortgage applications increased 8.2 percent. 2018) – (RealEstateRama) – The mortgage bankers association (mba) Builder Application Survey (BAS) data for.

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 · MBA: New Home Purchase Mortgage Apps Down 18% in December, Up 8% from Year Ago . MBA NewsLink Staff . January 11, 2018 . The Mortgage Bankers Association said December mortgage applications for new home purchases increased by 7.8 percent from a year ago but fell by 18 percent from November.

Applications for new home purchase financing grew by 0.1 percent from April but jumped 20.1. MBA: Mortgage applications fall 9.8% Over Two Weeks. The seasonally-adjusted Purchase Index fell 8% from two weeks earlier, and the unadjusted Index fell 46%.. BUILDER shines a spotlight on.

Last week the NAR said that existing home sales increased 3.2% in June, to a seasonally adjusted and annualized sales rate of 5.49 million units; the association said it was the highest sales pace in more than eight years. However, Commerce Department also reported last week that new home sales dropping sharply last month, falling by 6.8%.

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The Mortgage Bankers Association forecasts the average 30-year fixed mortgage will hold at 5.1 percent for most of the year.. "If new-home sales are to resume growth in 2019, builders may.

-The U.S. housing sector continues to struggle to find consistent momentum as fewer consumers bought new homes in May. Tuesday, the U.S. Commerce Department said that new home sales dropped 7.8% in May to a seasonally adjusted annualized rate of 626,000 homes, below April’s revised rate of 679,000 units.

Mortgage applications fell during the week ending Dec. 14 in spite of an across-the-board decline in rates, according to the Weekly Mortgage Applications Survey released by the Mortgage Bankers.

Mortgage applications fell by 2.5% on a seasonally-adjusted basis over the week ending February 1, 2019, according to the Mortgage Bankers Association (MBA)’s latest Weekly. by 0.3% over the same.

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