Mortgage Applications Down Last Week

Posted by Orb Staff on October 10, 2012 No Comments
Categories : Residential Mortgage

12546_140474721 Mortgage Applications Down Last Week Mortgage applications decreased in the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending Oct. 5.

The MBA's market composite index dipped 1.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index decreased 1% compared with the previous week.

The refinance index decreased 2% from the previous week. The refinance share of mortgage activity remained unchanged at 83% from the previous week.

The seasonally adjusted purchase index increased 2% from one week earlier. The unadjusted purchase index increased 3% compared with the previous week and was 12% higher than the same week one year ago.

‘Refinance applications declined somewhat last week, although volume is still near three-year highs, and purchase applications increased to the highest level since June, with both conventional and government volumes increasing,’ says Mike Fratantoni, MBA's vice president of research and economics. ‘Rates on 30-year fixed-rate loans remain historically low, benefiting both prospective homebuyers and those seeking to refinance.’

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Mortgage Applications Down Last Week

Posted by Orb Staff on August 29, 2012 No Comments
Categories : Residential Mortgage

12290_house_for_sale Mortgage Applications Down Last Week Mortgage applications and refinance activities declined last week, according to new data from the Mortgage Bankers Association (MBA) for the week ending Aug. 24.

The MBA's market composite index dropped 4.3% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index decreased 5% compared with the previous week.Â

The refinance index decreased 6% from the previous week to its lowest level since May 11. The refinance share of mortgage activity decreased to 79% of total applications from 80% the previous week.Â

The seasonally adjusted purchase index increased more than 1% from one week earlier. However, the unadjusted purchase index decreased almost 1% compared with the previous week.

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Mortgage Applications Down Last Week

Posted by Orb Staff on August 15, 2012 No Comments
Categories : Residential Mortgage

12193_0aforsale Mortgage Applications Down Last Week Mortgage applications decreased 4.5% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending Aug. 10.

The MBA's market composite index fell 4.5% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index decreased 4.7% compared with the previous week.Â

The refinance index decreased 5% from the previous week. The refinance share of mortgage activity decreased slightly from the previous week and is about 81% of total applications.

The seasonally adjusted purchase index decreased 2% from one week earlier. The unadjusted purchase index decreased 3% compared with the previous week.

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