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Tag Archives: Market Composite Index

After a Fall, Mortgage Apps Surge Again

Mortgage application volumes had seen a decline as mortgage rates rose steadily averaging 4.4 percent last week. But as rates steadied, application volumes increased with the weekly Mortgage ...

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Weekly Update: Mortgage Rates Drop, Applications on the Rise

Two weekly reports show that mortgage rates are down—the lowest they’ve been in seven months, and mortgage application volume is up. Seasonally adjusted, purchase index is on the rise while unadjusted remains down over 10 percent. 10-year treasury yield also fell this week.

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Mortgage Applications Down 4.6 Percent

According to the Mortgage Bankers Association (MBA) Weekly Mortgage Applications report, mortgage applications have decreased 4.6 percent from last week. The Market Composite Index, which measures the amount of mortgage loans, decreased 4.6 percent on a seasonally adjusted basis for the week ending May 1. The Index experienced a 4 percent decrease compared to last week on an unadjusted basis.

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