Posted by: in Home Mortgage Online, tags: Application Activity, August 10, Composite Index, Excerpt, Fixed Rate Mortgages, Mba, Mortgage Applications, Mortgage Bankers Association, Mortgage Rates, Mortgages Rates, Nbsp, O Reilly, Purchase Applications, Purchase Index, Refinance, Refinancing, S Market, Unadjusted Basis, Weekly Mortgage, Year Fixed Rate Mortgages Brian O?Reilly wrote an interesting post today on
Here?s a quick excerpt
The volume of mortgage applications for
both purchasing and refinancing fell last week according to the Mortgage
Bankers Association?s (MBA) Weekly Mortgage Applications Survey.? The MBA?s Market Composite Index which
measures that volume was down 4.5 percent on a seasonally adjusted basis and
4.7 percent on an unadjusted basis for the week that ended August 10.
The Refinance Index dropped 5 percent from
the week ended August 3 and the seasonally adjusted Purchase Index lost 2
percent.? The Purchase Index was down 3
percent on an unadjusted basis from the previous week but MBA did not provide annual
information for purchase applications.?
Refinancing as a share of all application activity declined fractionally
but remained at about 81 percent.
Purchase Index vs 30 Yr Fixed
Click Here to View the Purchase Applications Chart
Refinance Index vs 30 Yr Fixed
Click Here to View the Refinance Applications Chart
With
the exception of 15-year fixed-rate mortgages (FRM), mortgage rates during the
week remained flat.??That rate increased from 3.08 percent with 0.41
point [...]
Read the rest of this great post here
Source: http://www.realestatemortgageonline.com/9829/mortgage-applications-fall-45-last-week-rates-steady/
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