Tag Archives: Mortgage Bankers Association

The Mortgage Bankers Association (MBA) estimates purchase applications for new homes nudged up 2 percent compared to June. The increase does not account for any typical seasonal patterns. Factoring in seasonal adjustments, MBA says July single-family new home sales ran at an annual rate of 433,000 homes, up from 386,000 in June, representing a 12.2 percent rise.

The Mortgage Bankers Association (MBA) reported a 2.7 percent decrease in mortgage application volume from a week earlier in its Weekly Mortgage Applications Survey for the week ending August 8. Both the Refinance Index and the Purchase Index both fell to their lowest levels in months, dropping 4 percent and 1 percent, respectively.

According to data reported by the Mortgage Bankers Association (MBA) and compiled by Capital Economics, mortgage application volumes slipped an additional 3.4 percent in July following June's 0.1 percent decline. Declines were nearly even in both purchase loan volumes, which fell 3.6 percent, and refinances, which were down 3.3 percent.

The Mortgage Bankers Association (MBA) reported a 0.5 percent increase in its Mortgage Credit Availability Index (MCAI) for the month of July, putting the index at 116.4. According to the group, the main force behind the increase was a rise in the number of jumbo adjustable-rate mortgage (ARM) programs. Also contributing to the pickup was an increase in availability of high-balance FHA and VA loan programs.

According to data from finance site Bankrate.com, closing costs in 2014 are up 6 percent over last year, rising to an average $2,539 on a $200,000 loan (assuming a 20 percent down payment). "New mortgage regulations are the biggest reasons why closing costs went up over the past year," said Holden Lewis, senior mortgage analyst for Bankrate. "The good news is that some lenders have not increased fees."

After experiencing a post-holiday decline, applications for home mortgages picked up again last week, the Mortgage Bankers Association (MBA) reported. MBA's Market Composite Index, a weekly measure of mortgage loan application volumes, bumped up 2.4 percent on a seasonally adjusted basis for the week ending July 18, the group said.

According to the Mortgage Bankers Association (MBA), total mortgage loan application volumes decreased 3.6 percent on a seasonally adjusted basis for the week ending July 11. Breaking down the overall decline, the refinance component of MBA's market index fell 0.1 percent week-over-week, putting a dent in the 0.4 percent rise reported at the start of July. Meanwhile, the seasonally adjusted measure of purchase applications fell 8 percent.

The Mortgage Bankers Association's (MBA) Builder Applications Survey (BAS), a gauge of application volume from mortgage subsidiaries of homebuilders, suggests new home purchase applications slipped 5 percent from May to June, the group reported Thursday. The change does not include any adjustments for typical seasonal movements.

Mortgage application activity strengthened last week on a seasonally adjusted basis last week, getting a boost from higher purchase loan volumes. According to the Mortgage Bankers Association (MBA), mortgage applications increased a holiday-adjusted 1.9 percent for the week ending July 4. The last time applications rose was early June, shortly after the Memorial Day holiday.

Despite the best efforts of the federal government to allow those with dented and troubled credit to continue having access to mortgage loans, tight credit restrictions are still slowing the national housing recovery, according to a report released by the Federal Reserve Bank of Boston.