Mortgage Applications, Refi Activity Up Last Week

Posted by Orb Staff on March 27, 2013 No Comments
Categories : Residential Mortgage

13544_house_green Mortgage Applications, Refi Activity Up Last Week Mortgage applications and refinance activity ticked upward, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending March 22.

The MBA's market composite index increased 7.7% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index increased 8% compared with the previous week.Â

The refinance index increased 8% from the previous week. However, the refinance share of mortgage activity remained unchanged at 75% of total applications.Â

The seasonally adjusted purchase index increased 7% from one week earlier. The unadjusted purchase index increased 7% compared with the previous week and was 10% higher than the same week one year ago.

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Mortgage Applications, Refi Activity Up Last Week

Posted by Orb Staff on February 06, 2013 No Comments
Categories : Residential Mortgage

13244_house_for_sale3 Mortgage Applications, Refi Activity Up Last Week Mortgage applications and refinancing activity rose last week, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending Feb. 1. Last week's results included an adjustment for the Martin Luther King Jr. holiday.

The MBA's market composite index increased 3.4% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index increased 16% compared with the previous week.Â

The refinance index increased 4% from the previous week. However, the refinance share of mortgage activity decreased to 78% of total applications from 79% the previous week; this was the lowest refinance share observed since early July 2012.

The seasonally adjusted purchase index increased 2% from one week earlier and was at its highest level since the week ending May 7, 2010. The unadjusted purchase index increased 21% compared with the previous week and was 16% higher than the same week one year ago.

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Mortgage Applications, Refi Activity Up Last Week

Posted by Orb Staff on December 05, 2012 No Comments
Categories : Residential Mortgage

12860_0a4 Mortgage Applications, Refi Activity Up Last Week Both mortgage applications and refinance activity picked up last week, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending Nov. 30. Last week's results included an adjustment for the Thanksgiving holiday.

The MBA's market composite index increased 4.5% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index increased 49% compared with the previous week.

The refinance index increased 6% from the previous week. The refinance share of mortgage activity increased to 83% of total applications from 81% the previous week.Â

The seasonally adjusted purchase index increased 0.1% from one week earlier. The unadjusted purchase index increased 36% compared with the previous week and was 0.1% lower than the same week one year ago.

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Mortgage Applications, Refi Activity Up Last Week

Posted by Orb Staff on November 14, 2012 No Comments
Categories : Residential Mortgage

12745_house_pink Mortgage Applications, Refi Activity Up Last Week Both mortgage applications and refinance activity increased for the week ending Nov. 9, according to Mortgage Bankers Association's (MBA) weekly mortgage applications survey.

The MBA's market composite index increased 12.6% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index increased 12% compared with the previous week.Â

The refinance index increased 13% from the previous week, ending a five-week decline. The refinance share of mortgage activity increased to 81% of total applications from 80% the previous week.Â

The seasonally adjusted purchase index increased 11% from one week earlier. The unadjusted purchase index increased 8% compared with the previous week and was 22% higher than the same week one year ago.

‘Following the decrease in applications two weeks ago due to the effects of superstorm Sandy, mortgage applications in many East Coast states rebounded strongly this week,’ says Mike Fratantoni, MBA's vice president of research and economics. ‘Application volume in New Jersey more than doubled over the week, while volume in Connecticut and New York increased more than 60 percent. In addition to the rebound in the states impacted by the storm, the 30-year fixed mortgage rate reached a new record low in the survey.’

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