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The Mortgage Bankers Association's (MBA's) Market Composite Index, a measure of mortgage loan application volume , fell 4.3 percent on a seasonally adjusted basis during the week ended September 30. Unadjusted, the Index was down 4.5 percent from the week ended September 23. The Refinance Index and the seasonally adjusted Purchase Index fell by 5.2 percent and 0.8 percent respectively. On an unadjusted basis the Purchase Index was down 1.7 percent week-over-week and was 12.1 percent lower than during...

A decline in refinancing pushed the volume of mortgage applications lower during the week ended August 26 according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey. The Survey's Market Composite Index which measures application volume was down 9.6 percent on a seasonally adjusted basis and 10 percent on an unadjusted basis from the previous week while the Refinance Index dropped 12.2 percent. The Purchase Index increased 0.9 percent on a seasonally adjusted basis but was...

Jay Brinkmann, the Mortgage Bankers Association's (MBA's) Chief Economist, told reporters on Monday that MBA's National Delinquency Survey (NDS) for the second quarter of 2011 combines good news with not so good news. "While overall mortgage delinquencies increased only slightly between the first and second quarters of this year, it is clear that the downward trend we saw through most of 2010 has stopped. Mortgage delinquencies are no longer improving and are now showing some signs of worsening,...

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 29, 2011. Excerpts from the Release... The Market Composite Index, a measure of mortgage loan application volume, increased 7.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 7.0 percent compared with the previous week. The four week moving average is up 2.8 percent. The Refinance Index increased 7.8 percent from the previous...

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 22, 2011. Last week the MBA reported a 23.1 percent increase in the number of refinance applications taken during the week of June 15th. This was the largest jump since January 2010 (the fastest week over week change in 2011 was seen in February at just under 18%). Purchase demand on the other hand declined slightly. This week the MBA reports a modest decline in both refinance and...

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 8, 2011. This week's results include an adjustment to account for the Fourth of July holiday. Excerpts from the Release... The Market Composite Index, a measure of mortgage loan application volume, decreased 5.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 24.0 percent compared with the previous week. The four week moving...

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 1, 2011. The gist of today's release is that any mini-refi-boom that may have precipated by recently lower rates is--SURPRISE!--sensitive to rising rates! The average contract interest rate for 30-year fixed-rate mortgages increased to 4.69 percent from 4.46 percent in the previous week. Refinance demand fell as a result. In the 3rd chart below, that relationship played out clearly...