Desultory Week for Mortgage Applications – NMP Skip to main content

Desultory Week for Mortgage Applications

May 11, 2016
Mortgage activity was mostly flat during the past week, according to the latest Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey

Mortgage activity was mostly flat during the past week, according to the latest Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey.

Both the Market Composite Index and the Purchase Index increased a scant 0.4 percent on a seasonally-adjusted basis and increased one percent on an unadjusted basis for the week ending May 6. The Refinance Index increased 0.5 percent from the previous week, but the refinance share of mortgage activity decreased to 52.8 percent of total applications from 52.9 percent the previous week.

There were mixed results among the government loan programs: the FHA share of total applications decreased to 13 percent from 13.5 percent the week prior, while the VA share of total applications increased to 11.7 percent from 11.5 percent and the USDA share of total applications remained unchanged at 0.7 percent the week.

About the author
Published
May 11, 2016
Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

Oct 02, 2026
Price Cuts Hit Four-Year High As Mortgage Rates Top 7%

More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025

Oct 01, 2026
Serious Mortgage Delinquencies Rise 19% After Five Months Of Improvement

ICE data shows 574,000 mortgages were at least 90 days past due in August, while early-stage delinquencies remained below year-ago levels

Sep 29, 2026
Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Sep 25, 2026
Mortgage Rates Break 7% Just As Builders Find A Way To Move Buyers

New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again

Sep 25, 2026
Borrowers Want Digital Closings, But Some Originators Remain Hesitant

ServiceLink finds 45% of surveyed LOs cite borrower reluctance as a barrier, even though most recent buyers say digital options would influence their choice of mortgage provider

Sep 23, 2026