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According to the Mortgage Bankers Association mortgage application, volume decreased 3.5% last week from the previous week. Total volume was fourteen percent higher compared with the same week one year ago.
Home loan refinance applications brought the total down, to 8% for the week but still rising 26% higher from a year ago, when interest rates were higher. Home purchase … Read the rest
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Mortgage application volume fell sharply to 7.1 percent for last week based on a survey from the Mortgage Bankers Association’s latest report ending October 12, 2018, still the data did not factor in the Columbus Day holiday.
Home loan refinance applications were down 38.1 percent lower than a year ago and fell 39.0 percent from the week before. Rates have … Read the rest
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For the week ending October 5, 2018, Mortgage applications moved down 1.7 percent from the previous week, based on data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
The Market Composite Index indicator, measures mortgage loan application volume, that shows the decrease to 1.7 percent on its seasonally adjusted base from one week earlier. On the unadjusted base, … Read the rest
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According to a central banker, this is the best time to find the best means to tackle the next downturn as the economy of the United States is getting stronger with the inflation level getting close to the two percent target of the Federal Reserve, as the steady rate increases of the Fed is likely to have subtle impact on … Read the rest
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The economy of Canada will face a significant risk in the next three years as indebted consumers will respond to higher interest rates, this fact is made available by economists from three of the largest financial institutions in Canada.
According to Frances Donald, the head of macroeconomic strategy at Manulife Asset Management, she said the risks in the housing market … Read the rest
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For the fifth time since May, the central Bank of Indonesia has increased its benchmark interest in an attempt to protect the rupiah from being affected by emerging markets globally. Based on the predictions of the larger part of the 37 economists interviewed in a Bloomberg survey, the seven-day reverse repurchase rate was increased by 25 basis points to … Read the rest
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The benchmark interest rate was expectedly increased by one-quarter of a percentage point by the Federal Reserve on Wednesday, with more signs that the rates will be raised once more in December. After the conclusion of its two-day meeting where the monetary policy is decided, the Federal Open Market Committee continually pronounced the economic conditions as strong. According to the … Read the rest
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It seems as though the Federal Reserve are set to increase the interest rates Wednesday, this followed the response from the central bank on the up rise of inflation and the blooming hiring by U.S. recruiter, this is also the third time such occurrence is happening this year.
On Tuesday, a two-day meeting was commenced by the Federal Open Market … Read the rest
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The short-term money market rates in Hong Kong increased to their highest levels on Monday for the first time in ten years, as the Financial Secretary issued a warning to homebuyers to anticipate higher mortgages in response to the rise in the local expense of funds in lockstep with the United States benchmarks in the latter part of this week. … Read the rest
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For the first time in seven years, the central bank in Norway increased interest rates as the policymakers in the wealthiest economy in Scandinavia have begun the process of letting go of the record stimulus set up to handle the impact of the horrible oil crisis in a generation. Norges Bank increased the benchmark rate by a quarter point to … Read the rest