Mortgage Applications Take a Downturn – NMP Skip to main content

Mortgage Applications Take a Downturn

Apr 19, 2017
Home lending activity was on the decline again for the week ending April 17

Home lending activity was on the decline again for the week ending April 17, according to the latest Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.
 
The Market Composite Index dropped by 1.8 percent on a seasonally adjusted basis and by two percent on an unadjusted basis. Both the seasonally adjusted and unadjusted Purchase Index decreased by three percent from one week earlier, while the latter was one percent lower than the same week one year ago. However, the Refinance Index recorded a scant 0.2 percent increase from the previous week while the refinance share of mortgage activity increased to 42.4 percent of total applications from 41.6 percent the previous week.
 
Among the federal programs, the FHA share of total applications increased to 11 percent from 10.7 percent the week prior while the VA share of total applications decreased to 11.1 percent from 11.3 percent and the USDA share of total applications remained unchanged at one percent.

 
About the author
Published
Apr 19, 2017
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026