This email was sent to you by:
Anonymous |
|
Mortgage News Daily
|
Message: YOUR MESSAGE HERE |
Email alerts, such as this one, are a
free service provided by Mortgage News Daily. If you would like to receive an alert when important news breaks please
register to join our community.
Register with Mortgage News Daily - Registration is free and offers many benefits.
Manage your Email Alerts - Once you're registered, you can manage all MND email alerts on one page, turning subscriptions on or off with one click.
About MND:
Mortgage News Daily combines the expertise of some of the housing industry's leading minds with the power of social media to offer an always lively, constantly evolving web community. MND communicates breaking news, streams video, and provides expert opinion and commentary to a community of interested market professionals and curious consumers.Loan Applications Barely Budge as Mortgage Rates Hit New Low
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 6, 2010.
The Market Composite Index, a measure of mortgage loan application
volume, increased 0.6 percent on a seasonally adjusted basis from one
week earlier. On an unadjusted basis, the Index increased 0.4 percent
compared with the previous week. The four week moving average for the
seasonally adjusted Market Index is up 1.2 percent.
The
Refinance Index increased 0.6 percent from the previous week. The four
week moving average is up 1.0 percent for the
Refinance Index. The refinance share of mortgage activity increased to
78.1 percent of total applications from 78.0 percent the previous week.
[Image or graph removed from email. View full article with images]
The seasonally adjusted Purchase Index increased 0.3 percent from one
week earlier. The unadjusted Purchase Index decreased 0.3 percent
compared with the previous week and was 34.1 percent lower than the same
week one year ago.
The four week moving average is up 1.8 percent for the seasonally adjusted Purchase Index.
[Image or graph removed from email. View full article with images]
The
average contract interest rate for 30-year fixed-rate mortgages
decreased to 4.57 percent from 4.60 percent, with points decreasing to
0.89 from 0.93 (including the origination fee) for 80 percent
loan-to-value (LTV) ratio loans. This was the lowest 30-year contract
rate ever recorded in the survey. The effective rate also decreased from
last week.
The average contract interest rate for 15-year
fixed-rate mortgages decreased to 3.95 percent from 4.03 percent, with
points increasing to 1.08 from 1.01 (including the origination fee) for
80 percent LTV loans. This was the lowest 15-year contract rate ever
recorded in the survey. The effective rate also decreased from last
week.
The average contract interest rate for one-year ARMs
decreased to 7.00 percent from 7.10 percent, with points increasing to
0.22 from 0.21 (including the origination fee) for 80 percent LTV
loans. The adjustable-rate mortgage (ARM) share of activity increased
to 5.9
percent from 5.4 percent of total applications from the previous week.
[Image or graph removed from email. View full article with images]
More from MND:
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.
This email was sent to you by:
|
Mortgage News Daily
|
 |
Anonymous Anonymous |
|
Message:
YOUR MESSAGE HERE
Loan Applications Barely Budge as Mortgage Rates Hit New Low
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 6, 2010.
The Market Composite Index, a measure of mortgage loan application
volume, increased 0.6 percent on a seasonally adjusted basis from one
week earlier. On an unadjusted basis, the Index increased 0.4 percent
compared with the previous week. The four week moving average for the
seasonally adjusted Market Index is up 1.2 percent.
The
Refinance Index increased 0.6 percent from the previous week. The four
week moving average is up 1.0 percent for the
Refinance Index. The refinance share of mortgage activity increased to
78.1 percent of total applications from 78.0 percent the previous week.
The seasonally adjusted Purchase Index increased 0.3 percent from one
week earlier. The unadjusted Purchase Index decreased 0.3 percent
compared with the previous week and was 34.1 percent lower than the same
week one year ago.
The four week moving average is up 1.8 percent for the seasonally adjusted Purchase Index.
The
average contract interest rate for 30-year fixed-rate mortgages
decreased to 4.57 percent from 4.60 percent, with points decreasing to
0.89 from 0.93 (including the origination fee) for 80 percent
loan-to-value (LTV) ratio loans. This was the lowest 30-year contract
rate ever recorded in the survey. The effective rate also decreased from
last week.
The average contract interest rate for 15-year
fixed-rate mortgages decreased to 3.95 percent from 4.03 percent, with
points increasing to 1.08 from 1.01 (including the origination fee) for
80 percent LTV loans. This was the lowest 15-year contract rate ever
recorded in the survey. The effective rate also decreased from last
week.
The average contract interest rate for one-year ARMs
decreased to 7.00 percent from 7.10 percent, with points increasing to
0.22 from 0.21 (including the origination fee) for 80 percent LTV
loans. The adjustable-rate mortgage (ARM) share of activity increased
to 5.9
percent from 5.4 percent of total applications from the previous week.
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.