MBA: Mortgage applications slide 0.6% from last week

 · U.S. mortgage applications decreased last week as most home borrowing costs were unchanged to slightly higher, the Mortgage Bankers Association said.

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Mortgage. applications this week, up from 42.2% the previous week. The adjustable-rate mortgage (ARM) share of activity rose to 7.9%. The FHA share fell to 8.9% from 9.5%, the VA share fell to 11.0.

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Mortgage applications reversed course for the week ending March 13, 2019, according to the newest data from the Mortgage Bankers Association’s weekly Mortgage Applications Survey. On an unadjusted basis, the Market Composite index rose 3% from the previous week. MBA Vice President of Economic and Industry Forecasting Joel Kan explained that purchase activity picked up last week, led by a 5.5.

Mortgage Market Update -  January 9, 2019 Mortgage applications decreased nine percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Feb. 6, 2015. The Market Composite Index, a measure of mortgage loan application volume, decreased nine percent on a seasonally adjusted basis from one week earlier.

Note that "previous" is 2 weeks ago since there was no report last week due to Christmas. The sharp drop in refinance applications is due to higher rates. The Purchase data is seasonally adjusted. Non-seasonally adjusted is down 41% from 2 weeks ago. This last week of the year was the only week in which year/year purchase applications were.

There was an increase in mortgage applications last week as homebuyers entered the spring buying market. The Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week.

Housing Market Index – MBA Mortgage Applications Housing Market Index – In the week of May 10th, the mba applications index fell 0.6% from last week after increasing 2.7%. The purchase applications index fell 1% after increasing 4%. Yearly growth was 7.7%. In April, purchase applications for newly built homes were up 15.6% annually. Recent.

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MBA. mortgage apps rose from last week’s 10.3% to 10.9%. However, the veterans affairs’ share of applications decreased, falling from 11.6% the previous week to 10.4% this week. The Department of.

– Composite Index Week/Week +1.0%. Previous weeks were -12.8%, -0.3%, -2.3%, -2.8%, +6.4%, -0.6%, +0.3%, +1.3%, 0.4%, +5.5%, and +11.2%. The Purchase Index is what is important for the economy. Purchase Mortgage applications are 10% less than they were a year ago. This likely indicates flattening home sales and prices.

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