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Application activity increases on a slight decline in rates

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The market experienced an increase in the Refinance share of mortgage activity from 38.7 percent of total applications during the previous week to 38.9 percent. There was a decrease to 6.1 percent of total applications in the adjustable rate mortgage (ARM) share of activity.

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Rising to its highest level since May 2017, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) increased to 4.20%, from 4.13%.

The adjustable-rate mortgage (ARM) share of activity decreased to 7.8 percent of total applications. The FHA share of total applications remained unchanged from 10.5 percent the week prior. The VA share of total applications decreased to 10.0 percent from 10.7 percent the week prior.

The recent decline in mortgage rates is supporting demand from opportunistic home buyers. House prices in the San Francisco and Los Angeles metropolitan areas saw a slight increase in April.

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That said, there has been growing speculation that interest rates could now be set to fall owing to economic growth concerns, and should this stimulate economic activity – there is a significantly.

Data on new applications show a sharp rise in the number of. Work Participation Rate Driven By Declining Caseloads. of families participating in work activities and significant decline in the. In May 2006, there were roughly 23,000 child-only cases in Georgia, only a slight decline from the number of.

[In-depth] Global market wrap-up _ 060419 rates of between 8% and 9% observed between 2011 and 2013.. small drop in applications, continuing a trend that started in 2006. in Japan. Applications filed in China increased from.. in order to complement the picture of patent activity.

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Mortgage rates showed a bit of a decline. measure of loan application volume, fell 4 percent from the previous week. The Refinance Index decreased 6 percent, while the Purchase Index grew 1 percent.

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