CBA reports post-election spike in mortgage applications

Mortgage applications plummet with rate spike A post-election spike in mortgage rates has caused refinancing activity to plummet and drove down overall mortgage applications. Overall home-loan applications fell 9.2 percent seasonally adjusted for the week ending Nov. 11, the Mortgage Bankers Association (MBA) reported.

Money Finance News Spike in mortgage refinance. have been burned in the process by having their applications rejected? CBA and NAB say they don’t have any data on that, but questioned the.

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CBA reports post-election spike in mortgage applications The number of home loan applications received by the major bank in the week following the federal election hit a six-month high, according to CEO Matt Comyn..

After Mr Comyn said the surprise federal election result had created a spike in mortgage applications at the bank, Mr van Horen confirmed business loan applications at CBA were also higher last week,

He said the most likely of the various options was recommending a minimum floor for the major banks’ mortgage risk weights. patently unfair and that needs changing.” Ahead of Commonwealth Bank’s.

Commonwealth Bank chief executive Matt Comyn says the lender received more home loan applications in the week after the Coalition’s surprise election win than at any time in the past six months. Mr Comyn cautioned against reading too much into the uptick – which also followed APRA’s proposal to ease.

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CBA reports post-election spike in mortgage applications -. In the week following the federal election, the major bank experienced the highest level of home. Maree Stranieri liked this. 2019 CBA iftar dinner embracing multiculturalism and.

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– Kristy Fercho of Flagstar Bank Nominated to be 2020 mba vice chairman . Jul 11, 2019 – June New Home Purchase Mortgage Applications Increased 17.9 Percent Year over Year . Jul 10, 2019 – Mortgage Applications Decrease in Latest MBA Weekly Survey

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"The major spike has been in the past few weeks over the CBA rate rise." And although other banks were. Other online discussion threads bagging banks include mortgage application processing delays.

Commonwealth Bank chief executive Matt Comyn says the lender received more home loan applications in the week after the Coalition’s surprise election win than at any time in the past six months.