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Mortgage applications volume dropped 10 percent on a seasonally adjusted basis during the week ended November 11 according to results of the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. The non-seasonally adjusted decrease in MBA's Market Composite Index was 19.6 percent during the week which was impacted to some extent by the Veterans Day holiday. The Refinance Index was down 12.2 percent from the week ended November 4 and the seasonally adjusted Purchase Index lost...

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...

The Mortgage Bankers Association (MBA) reported this morning that mortgage applications rose slightly during the week ended September 16. The change was driven by increased applications for refinancing which offset a drop in purchase mortgage applications. The seasonally adjusted Market Composite Index, a measure of application volume, increased 0.6 percent from the week ended September 9. On an unadjusted basis the Index rose 25.2 percent, over the previous week which was shortened by the Labor...

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...

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Application Survey for the week ending August 12, 2010. MBA's Market Composite Index, a measure of mortgage application volume, increased 4.1 percent on a seasonally adjusted basis from one week earlier. This follows a jump of 21.7 percent recorded in the previous week. The current increase on an unadjusted basis was 3.6 percent although the index was 13.5 percent lower than during the same period in 2010. The four-week moving...

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 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...

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending June 7, 2011. The Refinance Index ticked up noticeably in the last week, from 2475 to 2883, the highest reading since November 2010. This is bittersweet as it finally showed some linear connection between falling rates and refi demand...only to have rates rise this week. Even so, the last time rates fell from 5.0 to 4.5 as they have in 2011, readings around 3000 on the refi index represented...