Refinancing Apps Increase, Purchase Apps Decrease In Latest MBA Weekly Survey
WASHINGTON, D.C. (January 30, 2008) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 25, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 1054.9, an increase of 7.5 percent on a seasonally adjusted basis from 981.5 one week earlier. On an unadjusted basis, the Index increased 10.5 percent compared with the previous week and was up 70.7 percent compared with the same week one year earlier.
Refinancing Leads Jump In Mortgage Applications In Latest MBA Weekly Survey
WASHINGTON, D.C. (January 16, 2008) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 11, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 906.4, an increase of 28.4 percent on a seasonally adjusted basis from 706.0 one week earlier. On an unadjusted basis, the Index increased 64.8 percent compared with the previous week which was shortened by the New Year’s holiday and was up 39.0 percent compared with the same week one year earlier.
Refinance Apps Jump as Interest Rates Decline
WASHINGTON, D.C. (January 9, 2008) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the New Year’s holiday shortened week ending January 4, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 706.0, an increase of 32.2 percent on a seasonally adjusted basis from 533.9 one week earlier, which was the week between the Christmas and New Year holidays. On an unadjusted basis, the Index increased 81.1 percent compared with the previous week and was up 8.7 percent compared with the same week one year earlier. The Refinance Index increased 53.9 percent to 2494.2 from 1620.9 the previous week and the seasonally adjusted Purchase Index increased 14.7 percent to 414.0 from 360.8 one week earlier. On an unadjusted basis, the Purchase Index increased 56.2 percent to 251.8 from 161.2 the previous week. The seasonally adjusted Conventional Index increased 34.1 percent to 1015.3 from 757.4 the previous week, and the seasonally adjusted Government Index increased 18.2 percent to 190.4 from 161.1 the previous week.
Christmas Holiday Slows Mortgage Business
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the Christmas holiday shortened week ending December 28, 2007. The Market Composite Index, a measure of mortgage loan application volume, was 533.9, a decrease of 11.6 percent on a seasonally adjusted basis from 603.8 one week earlier. On an unadjusted basis, the Index decreased 47.2 percent compared with the previous week and was down 20 percent compared with the same week one year earlier.