MBA: Mortgage applications slide 0.6% from last week

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U.S mortgage applications increased 8.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 22, 2019.. The Market Composite Index, a measure of mortgage loan application volume, increased 8.9 percent on a seasonally adjusted basis from one week earlier.

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 · Mortgage application volume dropped 0.6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 10% higher than a.

MBA mortgage applications. mortgage applications were down 0.6% overall as both applications to purchase and refinance were down 1% for the week. However, mortgage applications are now up 7% on the year. The average mortgage rate according to this survey was down one basis point to 4.4% last week. Retail Sales

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 · Mortgage Applications Slightly Lower Despite Three Weeks of Falling Rates. CNBC, May 15, 2019–Diana Olick Mortgage hunters were not particularly impressed with the latest drop in interest rates. mortgage application volume dropped 0.6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

Mortgage applications in the United States dropped 1.9 percent in the week ended July 19th 2019, following a 1.1 percent fall in the previous week, data from the Mortgage Bankers Association showed. Refinance applications decreased 2.1 percent and applications to purchase a home declined 1.6 percent.

Mortgage applications decreased 7.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 16, 2012. The Market Composite Index, a measure of mortgage loan application volume, decreased 7.4% on a seasonally adjusted basis from one week earlier.

 · MBA Mortgage Applications for week ending 8/5-Purchase Index Week/Week: -0.9%-Refinance Index Week/Week: +30.4%-Composite Index Week/Week: +21.7-Refinance index driven up by very low rates.-Purchase index indicates that housing is still quite soft.

MBA Washington Report - Monday, May 13, 2019 The refinance share of mortgage activity held its ground at last week’s 37.9%. The adjustable-rate mortgage share of activity fell to 6.3% of total applications. The Federal Housing Administration ‘s share of mortgage apps moderately increased from last week’s 9.5% to 10.1%.

 · The application rate is 10% lower than the same week a year ago. The mortgage application activity tracked by the MBA is holding mostly steady over the past 4 weeks with a .6% declining moving average. From Market Watch on mortgage application activity: