Mortgage Applications, Refi Activity Down Last Week

Posted by Orb Staff on April 03, 2013 No Comments
Categories : Residential Mortgage

13579_house_for_sale3 Mortgage Applications, Refi Activity Down Last Week Mortgage applications and refinance activity took a tumble last week, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending March 29.

The MBA's market composite index decreased 4% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index also decreased 4% compared with the previous week.Â

The refinance index decreased 6% from the previous week. The refinance share of mortgage activity decreased to 74% of total applications from 75% the previous week.

The seasonally adjusted purchase index increased 1% from one week earlier. The unadjusted purchase index increased 2% compared with the previous week and was 4% higher than the same week one year ago.

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Mortgage Applications, Refi Activity Down Last Week

Posted by Orb Staff on March 20, 2013 No Comments
Categories : Residential Mortgage

13498_house_blue Mortgage Applications, Refi Activity Down Last Week Mortgage applications and refinance activities dropped last week, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending March 15.

The MBA's market composite index decreased 7.1% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index decreased 7% compared with the previous week.Â

The refinance index decreased 8% from the previous week. The refinance share of mortgage activity decreased to 75% of total applications from 76% the previous week. The refinance share has decreased for 10 straight weeks and is at its lowest level since early May 2012.

The seasonally adjusted purchase index decreased 4% from one week earlier. The unadjusted purchase index decreased 3% compared with the previous week and was 6% higher than the same week one year ago.

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Mortgage Applications, Refi Activity Down Last Week

Posted by Orb Staff on December 19, 2012 No Comments
Categories : Residential Mortgage

12943_house_gray Mortgage Applications, Refi Activity Down Last Week Both mortgage applications and refinance activity fell during the week ending Dec. 14, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications survey.

The MBA's market composite index decreased 12.3% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index decreased 13% compared with the previous week.Â

The refinance index decreased 14% from the previous week to the lowest level since week ending Nov. 2. The refinance share of mortgage activity decreased to 83% of total applications from 84% the previous week.Â

The seasonally adjusted purchase index decreased 5% from one week earlier. The unadjusted purchase index decreased 8% compared with the previous week and was 9% higher than the same week one year ago.

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