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Theresa Springer’s Blog

Mortgage Application Activity Increases

Mortgage applications in the United States have continued to increase. Last week, The Mortgage Bankers Association stated that their seasonally adjusted index of mortgage application activity jumped 0.4%, averaging 405.2 in the last week of January.  Interest rates have also fallen with the 30-year mortgage averaging approximately 4.47%. Additionally, the MBA’s seasonally adjusted index of ... MORE

Mortgage Activity Increases

Home mortgage applications in the United States increased last week. The  Mortgage Bankers Association’s seasonally adjusted index of mortgage application activity, an index including home purchase demand and refinancing, climbed 1.8% while the MBA’S seasonally adjusted refinancing application index also rose 2.8%. However, fixed 30-year mortgage rates dropped .05 points. The refinance share of surveyed ... MORE

Mortgage Applications Continue To Increase

According to recent data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, mortgage applications increased by 4.5% from the previous week. Also, the refinance share of mortgage activity grew to 83% opposed to last week’s 81%. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $417,500 or less, ... MORE

Mortgage Application Demand Surges 12.6 Percent

According to the Mortgage Bankers Association’s Weekly Applications Survey, total mortgage loan application volume rose 12.6 percent last week, following the previous week’s decline. Michael Fratantoni, MBA’s vice president of research and economics, said the East Coast suffered large decreases following the effects of the hurricane but rebounded strongly last week. The Refinance Index was ... MORE

East Coast Storm Slows Mortgage Demand

According to the Mortgage Bankers Association’s Weekly Applications Survey, mortgage application demand fell last week due to the effects of the storm on the East Coast. The Market Composite Index, which measures total mortgage loan application volume, was down 5.0 percent from the previous week, due to a 5.0 percent drop in both the Refinance ... MORE

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