Mortgage Applications Take a Slight Decline – NMP Skip to main content

Mortgage Applications Take a Slight Decline

Phil Hall
Feb 01, 2017
Inquiries into home loans were on the decline last week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 27

Inquiries into home loans were on the decline last week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 27.
 
The Market Composite Index dropped by 3.2 percent on a seasonally adjusted basis from one week earlier, although the unadjusted index increased by 11 percent compared with the previous week. The seasonally adjusted Purchase Index fell six percent, but the unadjusted index increased 12 percent compared with the previous week and was two percent higher than the same week one year ago. The Refinance Index dipped by one percent from the previous week and the refinance share of mortgage activity decreased to 49.4 percent of total applications from 50 percent the previous week.
 
Among the federal programs, the FHA share of total applications decreased to 12.1 percent from 13.6 percent the week prior while the VA share of total applications increased to 12.4 percent from 12.2 percent and the USDA share of total applications remained unchanged at 0.9 percent.  
Published
Feb 01, 2017
Chairman Xu Sells Off Personal Assets To Avoid Default

The Evergrande saga continues as Chairman Xu Jiayin sells off 7 billion yuan ($1.1 billion) of his personal assets to prop up the deflating property giant.

Industry News
Nov 23, 2021
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Tech
Nov 23, 2021
Mortgage Company Donates $100K To High School In Memory Of Fallen U.S. Navy Corpsman

Cleveland-based CrossCountry Mortgage donated $100,000 to Milan Edison High School in memory of U.S. Navy Corpsman, Maxton W. Soviak, who died while assisting in the evacuation of Americans and refugees in Afghanistan in August.

Community
Nov 23, 2021
MISMO Seeks To Standardize Pre-Closing Title Data

Forming workgroup to focus on standardizing document datasets to streamline process and increase efficiency.

Industry News
Nov 23, 2021
Pandemic's Impact On Real Estate Around The World

Although the impact of the COVID-19 pandemic on the real estate industry has been well-documented within the United States, it’d be prudent to know how the global event impacted other countries as well. 

Industry News
Nov 22, 2021
Housing Market Potential Strengthens Modestly

First American Financial Corporation's Potential Home Sales Model for October 2021 reported that potential existing-home sales increased 0.1% month-over-month to 6.27 million, with household formation continuing to grow, largely driven by millennials.

Analysis and Data
Nov 22, 2021