Mortgage applications fell another 2.6 percent (seasonally adjusted) for the week ending July 12, the Mortgage Bankers Association (MBA) reported in its Weekly Mortgage Applications Survey.
Read More »New Survey Forecasts Decline in June New Home Sales
The Mortgage Bankers Association (MBA) released another new monthly survey measuring mortgage loan application activity on new single-family properties for lenders affiliated with homebuilders.
Read More »Mortgage Application Volume Continues to Sink
The Mortgage Bankers Association (MBA) reported another weekly drop in applications to start July.
Read More »Mortgage Credit Availability Up Slightly
Mortgage lending standards loosened slightly in June, according to the Mortgage Bankers Association's (MBA) Mortgage Credit Availability Index (MCAI). The index, which analyzes data from AllRegs Market Clarity, increased to 109.8, a gain "primarily driven by a small uptick in the number of products which offer a cash-out feature. There were also small increases in the number of jumbo, investor, and higher LTV [loan-to-value ratio] offerings," the association said in a release.
Read More »Refinance Applications Down 29.5% in June, Purchase Volume Climbs
According to data taken from the Mortgage Bankers Association (MBA) and compiled by Capital Economics, total application volume plummeted 22.5 percent in June.
Read More »Refinance Applications Fall as Rates Rocket
Mortgage applications continued to fall last week following a sizable spike in interest rates, the Mortgage Bankers Association (MBA) reported in its Weekly Mortgage Applications Survey. The Refinance Index fell 5 percent from the previous week, dipping to its lowest level since November 2011. The refinance share of total mortgage activity also declined, falling to 67 percent--the lowest level since July 2011. Meanwhile, the seasonally adjusted Purchase Index actually rose, increasing 2 percent.
Read More »Mortgage Applications Resume Downward Spiral
After coming back for a short period, mortgage applications resumed their downward trend in June's second week, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. The Market Composite Index, a measure of loan application volume, fell 3.3 percent on a seasonally adjusted basis for the week ending June 14. On an unadjusted basis, the index dropped 4 percent compared with the previous week. At the same time, mortgage rates continued to increase.
Read More »Report: Rising Rates No Threat to Recovery
While experts at Capital Economics don't believe the recent rise in mortgage rates will be enough to derail the recovery entirely, it does bring some difficulties with it.
Read More »Survey: Growing Number of Applications Submitted During Work Hours
A majority of people applying for mortgage loans online are applying during work hours, according to a recent survey by MortgageMarvel.com.
Read More »Mortgage Application Volume Reverses Downward Trend
After falling throughout May, mortgage application volume rose for the first week of June, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. The survey's Market Composite Index, a measure of loan application volume, increased 5.0 percent for the week ending June 7, MBA reported. Unadjusted, the index rose 16 percent. The previous week's results included an adjustment for the Memorial Day holiday. The increase in application volume came despite continued rises in rates.
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