Jump to content
House Price Crash Forum
crash2006

Mortgage Applications Fell 2.9% Last Week: Mba

Recommended Posts

Application volume dropped an unadjusted 3.7% compared with the same week in 2007. Applications for mortgages to purchase homes were down a seasonally adjusted 1.0% in the week ended March 14 compared with the week before. Refinancing applications dropped 4.6% on a week-to-week basis. But the latest week marked another period of greater interest in loans backed by the Federal Housing Administration. The Washington-based MBA's Government Purchase Index, made up of mostly FHA loan applications, increased 7.7% last week compared with the week before, while the Government Refinance Index rose 11.4%. The four-week moving average for all mortgages as tracked by the MBA was down 6%. Refinancings accounted for 49.7% of all loan applications last week, down from 50.6% the previous week, according to the MBA's latest survey. Adjustable-rate mortgages made up 7.9% of applications, down from 15.5% the previous week. The average interest rate on the 30-year fixed-rate mortgage was 5.98% last week, down from 6.37% the prior week. The 15-year fixed-rate mortgage averaged 5.24% last week, down from 5.72% a week earlier. One-year ARMs, however, averaged 6.95%, up from 6.72% the previous week. The MBA survey covers about half of all U.S. retail residential mortgage applications.
greendot.gif

http://www.marketwatch.com/news/story/stor...&siteid=rss

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 298 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.