Eye On Housing
The Mortgage Bankers Association’s latest Weekly Application Survey shows that, for the week ending October 16, 2020, mortgage application activity decreased by 0.6% from the prior week on a seasonally adjusted basis, as indicated by its Market Composite Index. One of its two constituent indexes, the Purchasing Index, decreased by 2.1% from one week earlier, while the other, the Refinance… Read More ›
For the week ending October 9, 2020, the Mortgage Bankers Association Weekly Application Survey showed a 0.7% drop in overall application activity from the previous week on a seasonally adjusted basis, as shown in its Market Composite Index. The constituent indices for Purchase and Refinance decreased by 1.6% and 0.3%, respectively, for the week. Despite the weekly declines, year-over-year gains… Read More ›
For the week ending October 2, 2020, the Mortgage Bankers Association’s Weekly Application Survey, showed a 4.6% increase in overall mortgage activity from the previous week on a seasonally adjusted basis, as seen in its Market Composite Index. The growth was driven primarily by the Refinancing Index, which shot up by 8.2% from the previous week, driven by a drop… Read More ›
For the week ending September 25, 2020, the Mortgage Bankers Association’s latest Weekly Application Survey showed a decrease in application activity, both in purchasing and refinancing, as its Market Composite Index decreased by 4.8% from the previous week on a seasonally adjusted basis. Its constituent indexes, the Purchasing and Refinancing indexes, decreased from the previous week by 1.9% and 6.5%,… Read More ›
For the week ending September 18, 2020, the Mortgage Bankers Association’s latest Weekly Application Survey showed a jump in application activity, both in purchasing and refinancing, as its Market Composite Index increased 6.8% from the previous week on a seasonally adjusted basis. Most notably, the Purchasing Activity reached its highest level since January 2009, when it was only 5.3% higher…. Read More ›
For the week ending September 11, 2020, the Mortgage Banker’s Association’s (MBA) Weekly Application Survey indicated a decrease in its Market Composite Index, a measure of both purchasing and refinancing, of 2.5% from one week earlier on a seasonally adjusted basis. The Purchasing and Refinancing Indexes decreased by 0.5% and 3.7%, respectively. The survey’s tracked 30-year fixed-rate mortgage rate remained… Read More ›
The latest results from the Mortgage Bankers Association’s (MBA) Weekly Application Survey for the week ending September 4 show an increase of 2.9% in the Market Composite Index from the previous week on a seasonally adjusted basis. Purchasing and refinancing activity increased from the previous week by 2.6% and 3%, respectively. MBA’s tracked contract rate of the 30-year fixed-rate mortgage… Read More ›
The last weeks in August finished with subdued mortgage activity, per the Mortgage Bankers Association’s latest Weekly Application Survey. However, demand remains strong: Overall mortgage activity was 35% higher than what it was the same week one year ago. For the week ending August 28, 2020, the Market Composite Index decreased 2% from one week prior on a seasonally adjusted… Read More ›
Over the last two weeks, the Mortgage Bankers Association’s tracked 30-year fixed-rate mortgage average rate fell by 14 basis points to 3.06%, a new record low in the series. At the same time, the results from its Weekly Application Survey show both weekly and year-over-year percentage increases in purchasing and refinancing activities. On a seasonally adjusted basis, purchasing activity increased… Read More ›
The Mortgage Bankers Association’s (MBA) latest Weekly Application shows a slight decrease in applications for the week ending July 24, 2020. The Market Composite Index decreased by 0.8% from the previous week on a seasonally adjusted basis. Refinancing activity, one of its determinants, decreased by 0.4% from the previous week, while purchasing activity decreased slightly more by 1.5%. The MBA’s… Read More ›