Tag Archive for ‘mortgage bankers association’

Mortgage Activity Buoyed by Growth in Purchasing

The latest home buying and refinancing data have shown an increase in overall mortgage activity, as indicated by the Mortgage Bankers Association’s Weekly Application Survey. The benchmark Market Composite Index increased by 2.7% on a seasonally adjusted basis from one week earlier. The Primary Mortgage Market Survey’s interest rate hovered 2 basis points above the historical low of 3.40% reached… Read More ›

Purchasing Activity Recovers from April Lows

Current mortgage activity, as indicated by the Mortgage Bankers Association’s latest Weekly Application Survey, indicates a slight rise in purchasing activity and slight decline in refinancings of existing home loans, each by about 6% on a seasonally adjusted basis. Overall, the Market Composite Index decreased by about 2.6%. The contract rate as determined by the Primary Mortgage Market Survey slid… Read More ›

Mortgage Delinquencies Rise in Q1 2020

The first quarter of 2020 witnessed dramatic economic news, owing to the outbreak of COVID-19. Among these changes were those of American homeowners, whose abilities to keep up with their mortgages were adversely affected by the economic injury brought on by the pandemic, as reflected in 2020’s first quarter results of the Mortgage Bankers’ Association’s National Delinquency Survey. Since the… Read More ›

Muted Fervor in the Final Weeks of Spring Homebuying

Since its previous week’s reading, which also marked a record low in the series, the Mortgage Bankers Association’s 30-year fixed-rate mortgage contract rate edged up by 3 basis points to 3.43%. The Market Composite Index, measuring mortgage loan application volume for purchases and refinancings, increased by 0.3% on a seasonally adjusted basis from one week prior. The MBA cites the… Read More ›

Mortgage Applications Increase, Rates Decline

In the latest Mortgage Bankers Association Weekly Application Survey, the benchmark Market Composite Index increased by 0.1 % from one week earlier on a seasonally adjusted basis. Even as the 30-year fixed-rate mortgage reached a record low of 3.4% as of May 1, compared to a year ago, purchasing applications declined while refinancing continued to stir, as has been the… Read More ›

Uncertainty Looms in the Mortgage Market

The Mortgage Bankers Association’s latest Weekly Application Survey shows a 15.3% seasonally adjusted rise in loan application volume from the previous week. The Refinance index increased 25.5% from the previous week and was 168% higher than it was the same week one year ago. The Purchase Index decreased 10.8% from one week earlier. The MBA notes that buyer and seller… Read More ›

Refinancing Activity Soars

The Mortgage Bankers Association’s Weekly Application Survey shows a weekly increase in the Market Composite Index by 15.1% on a seasonally adjusted basis. The Refinance Index soared 26.0% from the previous week and the Purchase index decreased 2.7%. Looking at the Refinance series since its inception, the latest 10-week sprint of over 160% is the largest since January 2009 when… Read More ›

Mortgage Delinquencies Reach Historic Low

In the fourth quarter of 2019, the delinquency rate for mortgage loans on single-family homes1 decreased to 3.8% of all loans outstanding, according to the latest iteration of the Mortgage Bankers Association’s National Delinquency Survey. This is the lowest it has been since the series started in 1979. The delinquency rate includes loans that are at least one payment past… Read More ›

Mortgage Purchase Activity Rises

The latest tally of the Mortgage Bankers Association’s (MBA) Weekly Application Survey shows a slight decline in the market composite index, consisting of both purchase and refinancing loan activity, of 1.5% from two weeks earlier on a seasonally adjusted basis for the week ending January 3, 2020. The purchase index rose by 5%, while the refinance index fell by 8%,… Read More ›