According to the Mortgage Bankers Association (MBA), the seasonally adjusted
total mortgage applications index, a measure of mortgage demand, declined by 4.2 percent in the week ending on October 12, 2012.
According to the Mortgage Bankers Association (MBA), the seasonally
adjusted total mortgage applications index, a measure of mortgage demand, declined by 4.2 % in the week ending on October 12, 2012.
ARMs made up just 5 percent of
total mortgage applications in early June, down significantly from March 2007, when ARM application rates comprised 21.9 percent of loan applications, according to the Mortgage Bankers Association.
In economic data,
total mortgage application volume fell 0.2 percent for the week and was 0.8 percent lower than a year ago, according to the Mortgage Bankers Association's seasonally adjusted survey.On Tuesday, U.S. markets finished in the red, with the Dow closing down more than 400 points, while on Wednesday, markets in Europe and Asia were both trading deep in the red.
Earlier this month, the Mortgage Bankers» Association reported that adjustable - rate mortgages (ARMs) may be making a slow comeback as the share of ARMs increased to 7.4 percent
of total mortgage applications.
Total mortgage application volume barely moved last week, up just 0.7 percent on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association.
Total mortgage application volume was essentially flat last week, falling just 0.8 percent from the previous week.
Total mortgage application volume fell 3.3 percent last week from the previous week, according to the Mortgage Bankers Association's seasonally adjusted report.
The Mortgage Bankers Association reported that
total mortgage application volume for refinancings and home purchases dropped 1.9 percent on a seasonally adjusted basis compared to the previous week.
Total mortgage application volume, including both home purchases and refinancings,...
Total mortgage application volume, including both home purchases and refinancings, increased 3.1 percent last week from the previous week on a seasonally adjusted basis, the MBA says.
The Mortgage Bankers Association reports that
total mortgage application volume — including for refinancings and home purchases — climbed 7.2 percent last week compared to the previous week on a seasonally adjusted basis.
FHAs took an 11 % share of
total mortgage applications, up from 10.1 % a week earlier; VAs were up to 10.9 % from 10.3 %; and the share that was for USDAs was unchanged at 0.8 %.
Total mortgage applications — including for refinances and home purchases — were essentially flat last week, rising just 0.8 percent on a seasonally adjusted basis, despite mortgage rates at their lowest averages in a month.
Since government mortgage applications for purchase were less effected by the boom and bust cycle in the housing market, restoring the level of
total mortgage applications will require continued recovery on the conventional side.
Total mortgage application volume now is 15 percent lower than the same week a year ago, due to the decrease in refinancing activity.
Total mortgage application volume increased 2.9 percent last week on a seasonally adjusted basis from the previous week.
Total mortgage application volume — including home purchases and refinancings — dropped 3.3 percent last week compared to the previous week, the Mortgage Bankers Association reported Wednesday.