Tag Archives: Mortgage Bankers Association

Total mortgage application volumes increased 7.3 percent for the week ending December 5, according to survey data from the Mortgage Bankers Association (MBA). The jump, which includes seasonal adjustments, followed a drop of the same amount the week prior.

The Mortgage Bankers Association's (MBA) Mortgage Credit Availability Index nudged up 1.2 percent in November, totaling 114.6 for the month. MBA's chief economist, Mike Fratantoni, said last month's uptick mostly came from the addition of jumbo loan programs that allow cash-out refinancing.

Home lenders took in an average profit of $897 on each loan they originated over Q3, the Mortgage Bankers Association (MBA) said Thursday. That average was down from $954 in the second quarter but still a vast improvement from an average per-loan loss of $194 in the first quarter.

Based on weekly application data released by the Mortgage Bankers Association (MBA), macroeconomics firm Capital Economics calculated a 0.3 percent increase in mortgage applications last month. The meager uptick compares to a 10.1 percent surge in October.

The Commerce Department reported Wednesday that sales of new single-family houses were at a seasonally adjusted annual rate of 458,000 in October, up 0.7 percent from September's revised rate of 455,000 and 1.8 percent over last year's pace of 450,000 sales.

MBA's Weekly Mortgage Applications Survey, a closely watched measure of application volumes, dropped 4.3 percent for the week ending November 21, the group said Wednesday. The decline followed a 4.9 percent bump during the previous week, which included an adjustment for Veterans Day.

The Mortgage Bankers Association (MBA) reported a seasonally adjusted increase of 4.9 percent in mortgage applications for the week ending November 14. The figure also includes an adjustment for the Veterans Day bank holiday. The jump accompanied a slight dip in interest rates, which fell to an average 4.18 percent for a 30-year fixed-rate mortgage.

MBA released on Thursday its Builder Applications Survey for October, revealing an 8 percent monthly pickup in new home purchase applications after a flat September. Mike Fratantoni, chief economist for the group, noted that the biggest increase came in applications for higher-priced homes.

Total mortgage application volume, including both purchase loans and refinances, dipped a seasonally adjusted 0.9 percent for the week ending November 7, according to the Mortgage Bankers Association (MBA).

According to an examination of application numbers by macroeconomic research company Capital Economics, total mortgage application volume jumped 10.1 percent in October, bouncing back after four straight months of declines. The headline measure received a major boost from refinance applications, which were up 18.5 percent month-over-month to arrive at an eight-month high.