Mortgage Applications Fell 12.8% Last Week, Extending Decline
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/26/2026
- Wall Street closes lower to end rocky week
- Meta's capital-raising plans expose a major weakness in the AI boom
- Oil prices jump $3 on Houthi attacks, oil spill, highest settlement since April
- BofA flags further downside risk for stocks, yields and dollar
- SpaceX cell-site ambitions lift tower stocks and weigh on carriers
Tweet
Share
E-mailGet Alerts MBI Hot Sheet
Price: $4.46 +0.90%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 119.9%
EPS Growth %: -108.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 119.9%
EPS Growth %: -108.7%
Join SI Premium – FREE
Mortgage insurers are on watch Wednesday following reports of another dip in applications last week.
The Mortgage Bankers Association (MBA) said that applications fell 12.8 percent on a seasonally-adjusted basis for the week ending November 29th. Numbers included adjustments for the Thanksgiving holiday.
It is the fifth-straight week of declines for the measure, putting it back to the lowest levels seen since last September.
Rates on 30-year mortgages rose 3 basis points to 4.51 percent last week, MBA data showed. The refinancing index fell 17.5 percent and the purchase index slumped 4.1 percent.
Companies like MBIA, Inc. (NYSE: MBI), Assured Guaranty (NYSE: AGO), Ambac Financial (Nasdaq: AMBC), and MGIC Investment (NYSE: MTG) could be active.
The Mortgage Bankers Association (MBA) said that applications fell 12.8 percent on a seasonally-adjusted basis for the week ending November 29th. Numbers included adjustments for the Thanksgiving holiday.
It is the fifth-straight week of declines for the measure, putting it back to the lowest levels seen since last September.
Rates on 30-year mortgages rose 3 basis points to 4.51 percent last week, MBA data showed. The refinancing index fell 17.5 percent and the purchase index slumped 4.1 percent.
Companies like MBIA, Inc. (NYSE: MBI), Assured Guaranty (NYSE: AGO), Ambac Financial (Nasdaq: AMBC), and MGIC Investment (NYSE: MTG) could be active.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Natural Gas Inventory 77 bcf vs 79 bcf Expected
- NAHB Housing Market Index (Oct) 29 vs 31 Expected
- U of M 1 Yr Inflation (Oct P) 4.7% vs 4.7% Expected, 5-10 yr 3.5% vs 3.5%
Create E-mail Alert Related Categories
Economic Data, Insiders' BlogRelated Entities
Mortgage ApplicationsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
