Tag Archive for ‘mortgage bankers association’

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 ›

Mortgage Application Volume Declines

In the latest tally of mortgage activity, for the week ending November 29, 2019, the Mortgage Bankers Association’s Weekly Application Survey showed a 7.5% drop from the previous week in conventional mortgage activity, which includes both purchases and refinances, on a seasonally adjusted basis. Overall, the market composite index, which includes conventional mortgages, saw a 9.2% increase on a seasonally… Read More ›

Fixed-Rate Mortgage Activity Shows Upswing

The Mortgage Bankers Association’s Weekly Application Survey, for the week ending November 8, 2019, showed a 5% increase in its Purchase Index and 13% increase in its Refinance Index from a week earlier on a seasonally adjusted basis. This increase occurred despite the slight increase in the 30-year fixed mortgage rate to 4.03%, thus reflecting growing optimism concerning the economy… Read More ›

Mortgage Activity Posts Solid Year-over-Year Gains

The Mortgage Bankers’ Association’s latest Weekly Application Survey, for the week ending September 27, 2019, showed sharp increases in the year-over-year gains in purchasing and refinancing activity of all mortgages, of 9.6% and 132.9%, respectively (seasonally adjusted). Throughout most of the current year since mid-March, refinancing activity on a year-over-year basis has been particularly strong this year, holding steady from… Read More ›