{"id":126597,"date":"2021-05-28T02:10:19","date_gmt":"2021-05-28T02:10:19","guid":{"rendered":"https:\/\/precoinnews.com\/?p=126597"},"modified":"2021-05-28T02:10:19","modified_gmt":"2021-05-28T02:10:19","slug":"u-s-mortgage-applications-tick-down-as-refinance-activity-declines-mba","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-tick-down-as-refinance-activity-declines-mba\/","title":{"rendered":"U.S. mortgage applications tick down as refinance activity declines -MBA"},"content":{"rendered":"
FILE PHOTO: Real estate signs advertise new homes for sale in multiple new developments in York County, South Carolina, U.S., February 29, 2020. REUTERS\/Lucas Jackson\/File Photo<\/figcaption>

(Reuters) – Mortgage applications decreased last week as fewer homeowners sought to refinance their loans, offsetting a modest rise in applications for loans to buy homes.<\/p>\n

The Mortgage Bankers Association (MBA) said on Wednesday its seasonally adjusted Purchase Index decreased 4.2% in the week ended May 21 from a week earlier, reflecting a 7.2% decline in applications for refinancing.<\/p>\n

The purchase index increased 1.7% from a week earlier.<\/p>\n

\u201cDemand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices,\u201d Joel Kan, an economist at the MBA, said in a statement.<\/p>\n

New home sales dropped 5.9% to a seasonally adjusted annual rate of 863,000 units in April as prices surged amid a tight supply of houses, the Commerce Department said on Tuesday. Last week, the National Association of Realtors reported that home resales dropped for a third straight month in April.<\/p>\n

\u201cHousing is booming. The sector is so strong, there simply is not enough available supply,\u201d said Joseph Lavorgna, chief U.S. economist at Natixis CIB. \u201cThis is weighing on home sales. In turn, home prices are accelerating. Eventually, more housing will be brought to market, but it will take time.\u201d<\/p>\n

The average contract interest rate for traditional 30-year fixed-rate mortgages increased to 3.18% last week from 3.15% the prior week.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FILE PHOTO: Real estate signs advertise new<\/p>\n","protected":false},"author":3,"featured_media":126596,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"\nU.S. mortgage applications tick down as refinance activity declines -MBA - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-tick-down-as-refinance-activity-declines-mba\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. mortgage applications tick down as refinance activity declines -MBA - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: Real estate signs advertise new\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-tick-down-as-refinance-activity-declines-mba\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-28T02:10:19+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/05\/U.S.-mortgage-applications-tick-down-as-refinance-activity-declines-MBA.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-tick-down-as-refinance-activity-declines-mba\/\",\"url\":\"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-tick-down-as-refinance-activity-declines-mba\/\",\"name\":\"U.S. mortgage applications tick down as refinance activity declines -MBA - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-05-28T02:10:19+00:00\",\"dateModified\":\"2021-05-28T02:10:19+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-tick-down-as-refinance-activity-declines-mba\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-tick-down-as-refinance-activity-declines-mba\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-tick-down-as-refinance-activity-declines-mba\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/precoinnews.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"U.S. mortgage applications tick down as refinance activity declines -MBA\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"U.S. mortgage applications tick down as refinance activity declines -MBA - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-tick-down-as-refinance-activity-declines-mba\/","og_locale":"en_US","og_type":"article","og_title":"U.S. mortgage applications tick down as refinance activity declines -MBA - Pre Coin News","og_description":"FILE PHOTO: Real estate signs advertise new","og_url":"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-tick-down-as-refinance-activity-declines-mba\/","og_site_name":"Pre Coin News","article_published_time":"2021-05-28T02:10:19+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/05\/U.S.-mortgage-applications-tick-down-as-refinance-activity-declines-MBA.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-tick-down-as-refinance-activity-declines-mba\/","url":"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-tick-down-as-refinance-activity-declines-mba\/","name":"U.S. mortgage applications tick down as refinance activity declines -MBA - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-05-28T02:10:19+00:00","dateModified":"2021-05-28T02:10:19+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-tick-down-as-refinance-activity-declines-mba\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-tick-down-as-refinance-activity-declines-mba\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-tick-down-as-refinance-activity-declines-mba\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/precoinnews.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"U.S. mortgage applications tick down as refinance activity declines -MBA"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/126597"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=126597"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/126597\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/126596"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=126597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=126597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=126597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}