New-home purchase applications dip slightly

New home sales dropped 1.7 percent. balance sheet and indicated plans to increase short-term rates one more time this year. Purchase applications increased slightly last week, but were still.

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As mortgage rates churn higher, affording a new home purchase will become. Consumers seem to know that. Applications for purchase mortgages hit a nine-year high in the most recent week, even as.

Mortgage Industry News Return to Mortgage Industry News Mortgage Applications Indicate July Dip in New Home Sales . Thursday, August 13, 2015. Applications for the purchase of newly constructed homes fell off slightly in July, a decline that the Mortgage Bankers Association (MBA) said was in line with the slowdown observed in the overall purchase mortgage market.

MBA Forecasts Dip in October New Home Sales.. MBA utilizes data on new home purchase applications from the BAS along with data from other sources to provide an early estimate of new home sales.

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New-home purchase applications dip slightly. Jean Anderson 0 Comments. Contents 7 percent growth Weather turns colder Quicken loans vice president "With a strong job market, rising wages and lower mortgage rates, housing demand remains strong, as shown by the.

New Home Sales; Existing home sales. pre-holiday mortgage applications Dip Slightly, Rates Flat. Purchase mortgage activity gained 1.0 percent on a seasonally adjusted basis heading into the.

WASHINGTON, D.C. (June 15, 2017) – The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2017 shows mortgage applications for new home purchases increased 15 percent compared to May 2016. Compared to April 2017, applications increased by 4 percent relative to the previous month.

Mortgage applications dip slightly as rates rise, but purchase loans still up 7.0 percent year-on-year The Market composite index decreased 1.1 percent on a seasonally adjusted basis from one week earlier, with purchase loans falling 4.0 percent (but up 7.0 percent year-on-year) and refinance activity rising 2.0 percent (and up 87 percent year.

Inflation Moves Even Higher as Home Prices Dip – Market Update. Purchase applications were up 1% on the week and have risen 13% on the year.. Meanwhile, the price of new vehicles was up 0.4% while used. After weeks of being lower or unchanged, mortgage rates began to rise a bit last week.