Posts with tag Mortgage Bankers Associaton

Mortgage refis are increasing again, as interest rates show no sign of dropping again. The Refinance Index rose 4.9 percent for the week ending January 7, as compared to the previous week, according to the Mortgage Bankers Assocation (MBA). The seasonally adjusted Purchase Index, an indication of existing home sales, fell... Continue Reading »

While a key housing market indicator rose slightly at the end of 2010, it wasn't the holiday gift the housing industry had hoped for. The mortgage application index, which reflects the number of mortgages initiated by new buyers and refinancers, increased 2.3 percent for the week ending December 31 after dropping 3.9... Continue Reading »

Refinance applications continue their decline, as interest rates rise slowly but steadily. The refinance index fell 0.7 percent for the week ending Dec. 10, while the new mortgage purchase index dropped 8.6 percent, according to the Mortgage Bankers Association survey. The average 30-year fixed-rate interest rate for... Continue Reading »

Fewer mortgage refinances are being initiated by homeowners -- and that may be a good thing. The overall mortgage application loan volume declined 16.5 percent for the week ending Nov. 26, according to the Mortgage Bankers Association. Included in that number are refis, which declined 21.6 percent. Mortgage refis are now... Continue Reading »

Even as mortgage rates linger at historic lows, mortgage applications fell for the fourth consecutive week. Application numbers dropped 0.8 percent for the week ending Sept. 24, according the latest data from the Mortgage Bankers Association, after falling 1.4 percent the week before. Refinancing applications also... Continue Reading »