Mortgage applications decreased 5.2 percent nationwide for the week ending July 1, according to weekly data from the Mortgage Bankers Association. Refinancing also fell 9.2 percent from the previous week, marking three consecutive weeks of decreases and its lowest level since May 6. The refinance share of mortgage activity decreased to 66.4 percent of total applications from 69.5 percent the previous week. The adjustable-rate mortgage share of activity increased to 6.1 percent from 5.8 percent of total applications from the previous week. The average contract interest rate for 30-year fixed-rate mortgages increased to 4.69 percent from 4.46 percent. The average contract interest rate for 15-year fixed-rate mortgages increased to 3.79 percent from 3.64 percent. – Katherine Clarke [more]

Mortgage applications decreased 5.9 percent nationwide in the week ending June 17, according to weekly data from the Mortgage Bankers Association. Refinancing also decreased 7.2 percent from the previous week.

The refinance share of mortgage activity decreased to 69.2 percent of total applications from 70 percent the previous week. The adjustable-rate mortgage share of activity decreased to 5.9
percent from 6.1 percent of total applications from the previous week. The average contract interest rate for 30-year fixed-rate mortgages increased to 4.57 percent from 4.51 percent. – Katherine Clarke [more]

The number of mortgage applications increased 7.8 percent nationwide in the week ending May 13, according to weekly data from the Mortgage Bankers Association, released today.

Refinance applications also jumped to 13.2 percent, the highest level since the week ending Dec. 10, 2010, while the purchase index decreased 3.3 percent in one week, making it 17 percent lower that the same week one year prior. TRD [more]

Mortgage applications decreased 3.9 percent in the week ending Dec. 24, then rose 2.3 percent for the week ending Dec. 31, according to the latest data from the Mortgage Bankers Association. Both weeks’ results include an adjustment to account for the Christmas and New Year’s Day holidays. On an unadjusted basis, mortgage applications decreased 23.7 percent the week before Christmas and 10 percent the week after. TRD [more]

Mortgage application volume declined 5.9 percent during the week ending June 18, according to the Mortgage Bankers Association’s latest weekly application survey. This week-over-week drop in overall mortgage application activity was due in large part to the 7.3 percent decline in refinancings, according to the report, while the rate of new mortgage applications stayed relatively flat, declining just 1.2 percent. Despite the moderate slowdown in activity, the average interest on 30-year mortgages dropped to 4.75 percent from 4.82 percent during the same time period. TRD

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Mortgage application volume declined 5.9 percent during the week ending June 18, according to the Mortgage Bankers Association’s latest weekly application survey. This week-over-week drop in overall mortgage application activity was due in large part to the 7.3 percent decline in refinancings, according to the report, while the rate of new mortgage applications stayed relatively flat, declining just 1.2 percent. Despite the moderate slowdown in activity, the average interest on 30-year mortgages dropped to 4.75 percent from 4.82 percent during the same time period. TRD

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New mortgage applications and refinancings were down the week ending June 4, according to the Mortgage Bankers Association’s weekly national market survey. Applications dropped 12.2 percent week-over-week, while the purchase index dropped 5.7 percent, bringing the rate of new mortgage purchases down 35 percent from last month. Refis, meanwhile, dipped 14.3 percent from last week. Michael Fratantoni, a vice president with the MBA, said that while mortgage rates have stayed relatively flat — with the average interest rate on a 30-year mortgage dropping to 4.81 from 4.83 the previous week — the demand for refis has dried up. “Refinance applications dropped this past week for the first time in a month,” Fratantoni said. “Despite the historically low rates, many homeowners have already refinanced recently, remain underwater on their mortgages, have uncertain job situations, or have damaged credit following this downturn, and therefore may not qualify to refinance.” TRD

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The rate of new mortgage purchase applications dropped 27.1 percent during the week ending May 14, compared to the week prior, according to the Mortgage Bankers Association’s weekly mortgage application survey. The drop brought the seasonally adjusted purchase index to the lowest level that the MBA has recorded since May 1997. The mortgage refinance index helped keep overall mortgage activity relatively stable, climbing 14.5 percent week-over-week, due in part to the 4.83 percent average 30-year fixed mortgage rate, the lowest rate recorded since November 2009, according to the MBA. Michael Fratantoni, vice president of research and economics with the MBA, said that the tax credit likely had a strong influence on the unusual mortgage activity. “The data continue to suggest that the tax credit pulled sales into April at the expense of the remainder of the spring buying season,” Fratantoni said. TRD

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The number of mortgage applications has dropped more than 10 percent, according to the most recent survey from the Mortgage Bankers Association. For the week ending Dec. 18, the number of loans decreased 10.7 percent based on a seasonally adjusted basis compared to the week prior. The refinance and purchase indexes also saw declines, with the former dropping 10.1 percent and the latter decreasing 11.6 percent, compared to the week before. Meanwhile, compared to a week earlier, the share of refinanced mortgages increased to 75.9 percent from 75.2 percent and the percentage of adjustable-rate mortgages decreased to 3.8 percent from 4.1 percent. TRD

Mortgage loan applications decreased 2.5 percent on a seasonally
adjusted basis for the week ending Nov. 13, compared to a week earlier,
according to the Mortgage Bankers Association’s weekly report ending
Nov. 13. The seasonally adjusted purchase index also dropped 4.7
percent from the prior week and is currently at its lowest level since
November 1997. The drop comes as interest rates for a 30-year fixed
rate mortgage decreased to 4.83 percent from 4.9 percent. The report
also shows that the refinance index decreased 1.4 percent
week-over-week. However, refinance shares of mortgage activity
increased to 72.9 percent of total applications, the highest share
since the week ending May 15, from 71.5 percent a week earlier. The
weekly report also indicates that interest rates for 15-year fixed-rate
mortgages and interest rates for one-year adjustable-rate mortgages
decreased slightly, .01 percent and .03 percent, respectively. TRD
[more]