Posts with tag purchase index

Mortgage applications grow as interest rates stay low. The latest composite mortgage application index from the Mortgage Bankers Association shows a rise of 5.0 percent for the week ending January 14, with refinancing active rising 7.7 percent. The purchase component of the index dropped 1.9 percent from a week earlier.... Continue Reading »

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 »

Home sales appear to be rebounding, if only slightly, but the overall timeframe of a genuine recovery is in question. The Mortgage Bankers Association Purchase Index inched up 1.1 percent for the week ending November 26 to its highest level since the beginning of May, which is when the second home buyer tax credit... Continue Reading »

There's gold in them thar refinances! The Refinance Index rose 21.0 percent from the previous week, according to data from the Mortgage Bankers Association, bringing refi application volumes in line with their highest levels for the year. Meanwhile, the seasonally adjusted Purchase Index dropped 8.5 percent from a week... Continue Reading »

Clearly the purchase mortgage market continues to find new lows, which, of course, means the real estate sales market is just about flat since the deadline for taking advantage of the tax credit ended April 30. Last week's Purchase Index, which tallies mortgages approved for home purchases, was the lowest since December... Continue Reading »