Sentences with phrase «refinance application index»
The reported decline in the weekly total mortgage applications index reflected a 5.3 % decrease in MBA's total refinance application index.
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The MBA's seasonally adjusted index of refinancing applications fell 4.3 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, lost 6.1 percent.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 9.4 percent in the week ended February 28.
Additionally, when looking at the adjusted index of mortgage application activity, which includes refinancing and purchase applications, there was an overall decrease of 2.6 percent in the week ended July 12.
Driving the rise in mortgage applications, the refinance index increased 7 % from the previous week.
The MBA said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, dipped 1.0 percent last week.
Demand for mortgages on purchases of homes rose for the third consecutive week last week while applications for refinancing decreased, according to The Mortgage Bankers Association's (MBA's) seasonally adjusted index of overall mortgage application activity.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 6.3 percent to the lowest level since December 2000.
Despite this most recent release, applications for refinancing have moved broadly higher since the beginning of 2011 whereas the mortgage applications for purchase index has trended flat since 2010.
That pushed down overall loan applications on the MBA's activity index by 0.1 percent for the week (which totals purchase and refinancing demand).
While the applications for refinancing declined, the applications for purchases index rose by 1.0 percent.
«Both purchase and refinance application activity fell last week, and the market composite index is at its lowest level since December 2000,» says Mike Fratantoni, MBA's Chief Economist.