WASHINGTON, D.C. (June 12, 2019) – Mortgage applications increased 26.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending June 7, 2019.The results for the week ending May 31, 2019 included an adjustment for the Memorial Day holiday.
A recent uptick in mortgage rates resulted in purchase applications declining slightly, according to the Mortgage Bankers Association. On an unadjusted basis, the Market Composite Index slid 3.4%.
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“But there are still some wild cards on the horizon, including Brexit-induced uncertainty, potentially slower global economic growth. said Bob Broeksmit, MBA president and CEO. “Even more notable.
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Full-year 2019 real gross domestic products growth is predicted to slow to 2.3 percent, down from 2018’s projected 3.1 percent, due to the waning impact of the Budget Reconciliation Act, a widening trade deficit, and moderating business investment growth, according to the Economic and Strategic Research Group at Fannie Mae.
"Coming out of the Memorial Day holiday, and likely impacted by the financial market volatility caused by the trade tensions, purchase application volume declined for the week," MBA Senior Vice President and Chief Economist Mike Fratantoni said. "Potential homebuyers may be more cautious given the heightened economic uncertainty."
Slow Growth, Low Inflation: What’s the ECB to Do?. ECB is prepared to use all of its tools to stimulate Eurozone growth. Amid lingering uncertainty in the region and subdued growth, we expect.
Stocks took a leg lower after Powell said that the Fed’s balance sheet reduction program. and economic uncertainty,” Joel Kan, MBA’s associate vice president of economic and industry forecasting,
MBA: Economic uncertainty slows purchase application growth Although mortgage applications slightly increased last week, mounting economic tension continues to worry potential buyers, according to the Mortgage.
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before the period of modern economic growth A. only civilizations such as the roman empire experienced economic growth B. rates of population growth virtually matched the rates of output growth C. most economies realized high rates of growth in output per person D. output and population growth were stagnant