Tag Archive for ‘single-family mortgages’

Mortgage Application Activity Tapers in August

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 ›

Home Refinancing Surges

The Mortgage Bankers Association’s (MBA) latest Weekly Application shows an uptick in applications for the week ending July 10, 2020. The Market Composite Index increased by 5.1% from the previous week on a seasonally adjusted basis, owing mainly to the surge in refinancing activity of 11.9% compared to a week before. The increase was partially offset by the slowdown of… Read More ›

Mortgage Purchasing Reaches Highest Level in over 10 Years

The Mortgage Bankers Association’s (MBA) latest Weekly Application shows an uptick in applications for the week ending July 3, 2020. The Market Composite Index increased by 2.2% from the previous week on a seasonally adjusted basis and its constituent Purchasing and Refinancing indices increased by 5.3% and 0.4%, respectively. The MBA’s 30-year fixed-rate mortgage rate fell to a new record… Read More ›

New Home Sales: Financing Source Shares Hold Steady

NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals that the share of mortgages financed through conventional, FHA, and VA loans, as well as cash, held steady in the second quarter of 2016 while the number of new homes sold grew by 22%. According to data from the Census Bureau’s Quarterly Sales by Price… Read More ›

SF Default Rates: One of These Things Is Not Like the Others, One of These Things Just Doesn’t Belong

The Financial Accounts of the United States shows continued improvement in the aggregate home equity position of U.S. households. Household holdings of real estate, measured on a not seasonally adjusted basis, totaled $21.104 trillion in the first quarter of 2015, $1.092 trillion higher than its level, $20.012 trillion, in the first quarter of 2014. At the same time, home mortgage debt… Read More ›

Mortgage Delinquency Rates Fall

Recently released data from the Mortgage Bankers Association (MBA) shows that the share of mortgages that are considered delinquent fell. On a seasonally adjusted basis, the share of mortgages past due declined over the third quarter of 2014 by 19 basis points to 5.85%. Over the past year, the proportion of mortgages past due decreased by 66 basis points from… Read More ›