Tag Archives: Market Composite Index

Rates below the 3% mark continue to feed the refi frenzy, as increases were found in both purchase apps and refinances over the previous week.

After a slight uptick last week, mortgage application volume fell this week, as rates began to rise and fear over rising COIVD cases overshadowed strong jobs reports.

Even with rates still below the 3% mark, purchase applications slid week-over-week, as affordability issues continue to factor into homebuyers’ decision-making process.

After a down week, mortgage application volume is on the rise, with sub-3% rates powering refi volume as more and more are taking advantage of record-low rates.

With jobless claims dropping and a decline in Treasury yields, here's where mortgage rates stand with the spring homebuying season in full swing.

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 ...

Mortgage applications grew on the basis of a strong economy and an upsurge in post holiday demand in the housing market.

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.

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.