{"id":15135,"date":"2019-03-25T14:12:15","date_gmt":"2019-03-25T14:12:15","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=15135"},"modified":"2019-03-25T14:12:21","modified_gmt":"2019-03-25T14:12:21","slug":"mortgage-apps-up-to-record-highs","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/mortgage-apps-up-to-record-highs\/","title":{"rendered":"Mortgage Apps up to Record Highs"},"content":{"rendered":"

Mortgage Apps up to Record Highs<\/h2>\n
\"Mortgage<\/a>

Mortgage Apps up to Record Highs<\/p><\/div>\n

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Mortgage applications set a record for the third consecutive week as lower rates drew\u00a0out more refinancers and home buyers, according to the Mortgage Bankers Association\u2019s seasonally adjusted application index.<\/p>\n

Total mortgage application volume rose 1.6 percent last week compared to the previous week, and applications are now 1.8 percent higher than a year ago, according to the MBA. Many of those gains have come from refinancers, but more purchase applications are also appearing. Purchase applications are 1 percent higher than a year ago.<\/p>\n

Rates are lower than a year ago. The average 30-year fixed-rate mortgage fell to 4.55 percent last week compared to 4.64 percent the previous week. That is the lowest rate since February 2018, the MBA reports.<\/p>\n

The wealthy are largely being lured to the housing market. The average loan size also set a record for the third straight week, reaching $327,500, the MBA reports. The median price of a home sold in January was $247,500, according to the National Association of REALTORS\u00ae.<\/p>\n

\u201cEntry-level housing supply remains weak and is likely hindering some would-be first-time buyers from finding a home,\u201d said Joel Kan, the MBA\u2019s associate vice president to economic and industry forecasting. \u201cThis, along with faster growth in the higher price tiers, is why the average loan application size has risen to a new high for three straight weeks.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u201cMortgage Applications Set a Record for the Third Straight Week as Lower Rates Largely Benefit the Wealthy<\/a>,\u201d CNBC (March 20, 2019)<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mortgage Apps up to Record Highs Mortgage applications set a record for the third consecutive week as lower rates drew\u00a0out more refinancers and home buyers, according to the Mortgage Bankers Association\u2019s seasonally adjusted application index. Total mortgage application volume rose 1.6 percent last week compared to the previous week, and applications are now 1.8 percent … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-15135","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nMortgage Apps up to Record Highs - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/mortgage-apps-up-to-record-highs\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-apps-up-to-record-highs\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-apps-up-to-record-highs\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Mortgage Apps up to Record Highs\",\"datePublished\":\"2019-03-25T14:12:15+00:00\",\"dateModified\":\"2019-03-25T14:12:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-apps-up-to-record-highs\\\/\"},\"wordCount\":262,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-apps-up-to-record-highs\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2019\\\/03\\\/03252019.png\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-apps-up-to-record-highs\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/mortgage-apps-up-to-record-highs\\\/\",\"name\":\"Mortgage Apps up to Record Highs - 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