Eye On Housing
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 ›
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 ›
The Mortgage Bankers Association’s latest Weekly Application Survey shows a 0.3% seasonally adjusted decline in loan application volume from the previous week. The Refinance index decreased by 1% from the previous week and was 225% higher than it was the same week one year ago. The Purchase Index increased 2% from one week earlier but was 31% lower than it… Read More ›
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 ›
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 ›
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 ›
In the most recent wave of mortgage activity for the week ending September 6, 2019, the Mortgage Bankers Association’s latest Weekly Application Survey showed a continuing decline in interest rates, notably, the 30-year fixed rate mortgage to 3.49% on a non-seasonally adjusted basis. The Market Composite Index, which measures mortgage loan application volume, increased 2% on a seasonally adjusted basis… Read More ›
The latest data from the Mortgage Bankers Association’s Weekly Application Survey show a strong reaction to the market among prospective homebuyers and those wishing to refinance their existing home loans. There are two main factors: The Federal Reserve’s cutting of interest rates and the ongoing trade war with China. The 30-year fixed-rate mortgage dropped by 15 basis points from the previous… Read More ›