Skip to main content

Weekly Mortgage Applications in a Mild Decline

Phil Hall
Feb 22, 2017
The Mortgage Bankers Association Weekly Mortgage Applications Survey for the week ending Feb. 17 showed the housing market with a case of the mid-winter blahs

The Mortgage Bankers Association Weekly Mortgage Applications Survey for the week ending Feb. 17 showed the housing market with a case of the mid-winter blahs.
 
The Market Composite Index dropped two percent on a seasonally adjusted basis from one week earlier, although the unadjusted index was up one percent. The seasonally adjusted Purchase Index decreased by three percent to its lowest level since November 2016, but the unadjusted index increased two percent compared with the previous week and was 10 percent higher than the same week one year ago. And the Refinance Index dipped by one from the previous week to the lowest level since last month, while the refinance share of mortgage activity decreased to 46.2 percent of total applications, the lowest level since November 2008, from 46.9 percent the previous week.
 
Among the federal home loan programs, the FHA share of total applications decreased to 11.6 percent from 11.9 percent the week prior while the VA share of total applications increased to 12.1 percent from 11.8 percent and the USDA share of total applications decreased to 0.9 percent from one percent.
Published
Feb 22, 2017
Rocket Arms Brokers With Bully Shield Vs. UWM

Rocket covers penalties and court fees for brokers who want to get out of United Wholesale Mortgage’s ultimatum contract. 

Industry News
Feb 06, 2023
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Industry News
Jan 26, 2023
There’s Good & Bad News On The Horizon

There will be a real estate slump, but the big cities are coming out much better

Industry News
Jan 26, 2023
Housing Prices Across Texas Likely Hobbled In 2023

But you’re getting a lot less for $1 million

Industry News
Jan 23, 2023
UWM Adds 'Control Your Price' To 'Game On' Pricing

New program provides 125 basis points in price enhancements for loan orignators.

Industry News
Jan 11, 2023
Rocket Pro TPO Relieves Brokers Of Credit Fee Burden

Will provided free credit reports to brokers if they get their loan closed with the Detroit lender.

Industry News
Jan 10, 2023