{"id":137424,"date":"2021-09-01T11:33:18","date_gmt":"2021-09-01T11:33:18","guid":{"rendered":"https:\/\/precoinnews.com\/?p=137424"},"modified":"2021-09-01T11:33:18","modified_gmt":"2021-09-01T11:33:18","slug":"u-s-mortgage-applications-decline-with-drop-in-refinancing-mba","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-decline-with-drop-in-refinancing-mba\/","title":{"rendered":"U.S. mortgage applications decline with drop in refinancing -MBA"},"content":{"rendered":"<figcaption>FILE PHOTO: A &#8220;For Sale&#8221; sign is posted outside a residential home in the Queen Anne neighborhood of Seattle, Washington, U.S. May 14, 2021.   REUTERS\/Karen Ducey\/File Photo<\/figcaption><p>(Reuters) &#8211; Mortgage applications decreased last week in step with a drop in refinancing as mortgage rates remained unchanged.<\/p>\n<p>The Mortgage Bankers Association (MBA) said on Wednesday its seasonally adjusted market composite index tracking mortgage applications fell 2.4% from a week earlier, reflecting a 3.8% decline in applications to refinance existing loans in the week ending Aug. 27.<\/p>\n<p>The average contract interest rate for traditional 30-year mortgages was unchanged at 3.03%. Purchase applications rose 0.6%, hitting the highest level since early July, the MBA said.<\/p>\n<p>After hitting record lows at the end of 2020 below 2.9%, mortgage rates climbed in the first part of this year and peaked in the spring. Rates had been drifting lower since, held down in large part by the U.S. Federal Reserve\u2019s extraordinary stimulus measures aimed at helping the economy rebound from the novel coronavirus pandemic.<\/p>\n<p>\u201cDespite low rates, refinance applications declined, with some borrowers still waiting for rates to drop even lower,\u201d said Joel Kan, MBA\u2019s associate vice president of economic and industry forecasting. \u201cRecent uncertainty around the economy and pandemic have kept rates low over the past month, which is why the refinance index has oscillated around these levels.\u201d<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/usa-economy-mba\/u-s-mortgage-applications-decline-with-drop-in-refinancing-mba-idUSN9N26W020\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: A &#8220;For Sale&#8221; sign is<\/p>\n","protected":false},"author":3,"featured_media":137423,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. mortgage applications decline with drop in refinancing -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-decline-with-drop-in-refinancing-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 decline with drop in refinancing -MBA - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: A &#8220;For Sale&#8221; sign is\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-decline-with-drop-in-refinancing-mba\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-01T11:33:18+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\/09\/U.S.-mortgage-applications-decline-with-drop-in-refinancing-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-decline-with-drop-in-refinancing-mba\/\",\"url\":\"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-decline-with-drop-in-refinancing-mba\/\",\"name\":\"U.S. mortgage applications decline with drop in refinancing -MBA - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-09-01T11:33:18+00:00\",\"dateModified\":\"2021-09-01T11:33:18+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-decline-with-drop-in-refinancing-mba\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-decline-with-drop-in-refinancing-mba\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-decline-with-drop-in-refinancing-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 decline with drop in refinancing -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 decline with drop in refinancing -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-decline-with-drop-in-refinancing-mba\/","og_locale":"en_US","og_type":"article","og_title":"U.S. mortgage applications decline with drop in refinancing -MBA - Pre Coin News","og_description":"FILE PHOTO: A &#8220;For Sale&#8221; sign is","og_url":"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-decline-with-drop-in-refinancing-mba\/","og_site_name":"Pre Coin News","article_published_time":"2021-09-01T11:33:18+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/09\/U.S.-mortgage-applications-decline-with-drop-in-refinancing-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-decline-with-drop-in-refinancing-mba\/","url":"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-decline-with-drop-in-refinancing-mba\/","name":"U.S. mortgage applications decline with drop in refinancing -MBA - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-09-01T11:33:18+00:00","dateModified":"2021-09-01T11:33:18+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-decline-with-drop-in-refinancing-mba\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-decline-with-drop-in-refinancing-mba\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/business\/u-s-mortgage-applications-decline-with-drop-in-refinancing-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 decline with drop in refinancing -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\/137424"}],"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=137424"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/137424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/137423"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=137424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=137424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=137424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}