Mortgage applications fell last week even as loans taken out for home purchases increased again, according to weekly data released today by the Mortgage Bankers Association.
Total applications fell 1.2 percent for the week ending March 2, thanks to the 2 percent decrease in refinance applications. Mortgage applications for purchases increased 2.1 percent and now comprise 23 percent of all mortgage activity, compared to 22.1 percent from the previous week. [more]
Mortgage applications stumbled 0.3 percent for the week ending Feb. 24, according to weekly data released today by the Mortgage Bankers Association.
Applications for mortgages for home purchases actually increased 8.2 percent on a seasonally adjusted basis, but refinancings, which comprise a much larger share of the mortgage market, decreased 2.2 percent and drove total application figures down. However, with the increase in purchase applications this week, the share of mortgage activity fell below 80 percent, to 77.9 percent, for the first time since early December. [more]
New York State’s delinquency rate declined in the fourth quarter, a report released today by the Mortgage Bankers Association shows.
The delinquency rate for mortgage loans on residential properties was 7.98 percent, down from 8.12 percent at the end of the third quarter of 2011. Historically, delinquency rates rise in the fourth quarter, thanks in part to holiday spending and heating bill increases. But the data is not seasonally adjusted. [more]
Fewer Americans took out mortgages for new home purchases last week, driving down total mortgage applications, even as mortgage rates increased only slightly from record lows.
Total mortgage applications decreased 1 percent for the week ending Feb. 10, according to weekly data from the Mortgage Bankers Association, mostly because mortgages for home purchases fell 8.4 percent from the previous week. [more]
U.S. mortgage applications rose 7.5 percent for the week ending Feb. 3, according to weekly data released today by the Mortgage Bankers Association. The rise followed two weeks where application numbers fell.
Refinances increased 9.4 percent week-over-week, while mortgage applications for purchases increased only 0.1 percent. Refinances comprised exactly four-fifths of all applications, down from 81.3 percent the previous week. [more]
Mortgage applications decreased for a second consecutive week, according to data from the Mortgage Bankers Association for the week ending Jan. 27.
Overall applications fell 2.9 percent from the previous week, as refinances decreased 3.6 percent and mortgages applications for purchases declined 1.7 percent. Refinances comprised exactly four-fifths of all applications, down from 81.3 percent the previous week. [more]
After the previous week’s monumental rise, U.S. mortgage applications fell back to earth and declined 5 percent for the week ending Jan. 20, according to weekly data released today by the Mortgage Bankers Association. Mortgage applications for purchases dropped 9.7 percent while applications for refinancings, which comprised 81.3 percent of total applications compared to 82.2 percent the previous week, declined 5.2 percent. [more]
Mortgage applications rallied again for the week ending Jan. 13, rising 23.1 percent from the previous week, according to weekly data from the Mortgage Bankers Assocation released today. That follows a 4.5 percent increase recorded for the week ending Jan. 6.
The surge was powered by a 26.4 percent increase in refinancing applications, which comprised 82.2 percent of all mortgage activity, its highest share since October 2010. [more]
U.S. mortgage applications decreased 3.7 percent on a seasonally adjusted basis between Dec. 16 and Dec. 30, according to weekly data from the Mortgage Bankers Association released today. Both refinances and purchases declined during the period, by 1.9 percent and 9.7 percent, respectively. Still, total mortgage loan application volume remained 39 percent higher in the final two weeks of 2011 than it did over the same period a year prior. [more]
U.S. mortgage applications decreased 2.6 percent on a seasonally adjusted basis for the week ending Dec. 16, according to weekly data from the Mortgage Bankers Association released today. Unadjusted, the decline was 2.8 percent.
Mortgage applications for purchases fell 4.9 percent, on a seasonally adjusted basis, while refinancing applications stumbled 1.6 percent. Refinancings comprised 80.7 percent of mortgage applications last week, up from 79.7 percent the week before to their highest level of the year. The adjustable-rate mortgage share of activity dropped to a year-low 5.1 percent from 5.6 percent.
In November, the average loan size was $217,774, up from $213,430 in October. – Adam Fusfeld [more]
