Ads / Data / Index / Rate

MBA: Purchase Mortgage Applications Decrease in Latest Weekly Survey

Posted On: Mar 21, 2018   |   Posted By: Calculated Risk

MBA: Purchase Mortgage Applications Decrease in Latest Weekly Survey

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 1.1 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending March 16, 2018.
... The Refinance Index decreased 5 percent from the previous week. The seasonally adjusted Purchase Index increased 1 percent from one week earlier. The unadjusted Purchase Index increased 2 percent compared with the previous week and was 6 percent higher than the same week one year ago....
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 4.68 percent from 4.69 percent, with points increasing to 0.46 from 0.45 for 80 percent loan-to-value ratio loans.
emphasis added

Continue reading ...