Skip to main content

Mixed Results in Latest Mortgage Application Data

Phil Hall
Jun 08, 2016
The Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey for the week ending June 3 offered a mixed data picture, with vibrant seasonally adjusted indices and dreary unadjusted indices

The Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey for the week ending June 3 offered a mixed data picture, with vibrant seasonally adjusted indices and dreary unadjusted indices.

The Market Composite Index increased 9.3 percent on a seasonally adjusted basis from one week earlier, but the unadjusted index decreased 13 percent compared with the previous week. Likewise, the seasonally adjusted Purchase Index increased 12 percent from one week earlier, but the unadjusted index fell 12 percent compared with the previous week and was six percent below the level set during the same week one year ago.

The Refinance Index increased seven percent from the previous week, but the refinance share of mortgage activity decreased to 53.8 percent of total applications from 54.3 percent the previous week. And the mixed picture continued to the government loan programs: The FHA share of total applications increased to 13 percent from 12.5 percent the week prior, but the VA share of total applications fell to 11.5 percent from 12 percent and the USDA share of total applications remained unchanged from 0.7 percent the week prior.

Published
Jun 08, 2016
PenFed CU Sees Record Annual Mortgage Lending Volume

PenFed Credit Union announced it's financial highlights from 2021 which includes record annual mortgage lending volume.

Industry News
Jan 21, 2022
Angel Oak Lending Platform Reveals Record-Setting 2021

Last year was a record-setting year for many companies in the mortgage lending space, especially for the Angel Oak lending platform that consists of Angel Oak Mortgage Solutions and Angel Oak Home Loans.

Non-QM
Jan 21, 2022
What Are The Biggest Deal-Breakers For Homebuyers?

The housing market is holding strong but that doesn't mean homebuyers don't have their fair share of deal-breakers when it comes to purchasing a home.

Analysis and Data
Jan 20, 2022
Popular Bank Names National Director Of Residential Lending

Popular Bank named Adam Dejak as its national director of residential lending for Popular Mortgage.

Industry News
Jan 20, 2022
Total Expert Appoints Gaydos As President

Former Talkdesk and SAP senior executive brings extensive cloud, go-to-market, sales, and operations experience.

Industry News
Jan 20, 2022
Sagent Appoints Thompson As Chief Product Officer

Founder of fintech managment consulting firm Consigliera will lead and expand product development.

Industry News
Jan 20, 2022