Mixed Results in Mortgage Applications Survey

May 03, 2017

More people are seeking out mortgage applications, according to Mortgage Bankers Association (MBA) data for the week ending March 22

Purchase activity was up, but refinancing was down in the latest Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey for the week ending April 28.

The Market Composite Index dipped by a scant 0.1 percent on a seasonally adjusted basis but increased by one percent on an unadjusted basis. The seasonally adjusted Purchase Index was up by four percent from one week earlier and the unadjusted index was up by five percent on both a week-over-week and year-over-year measurement. But the Refinance Index decreased by five percent while the refinance share of mortgage activity decreased to 41.6 percent of total applications from 44 percent the previous week.

Among the federal programs, the FHA share of total applications increased to 10.4 percent from 10.0 percent the week prior while the VA share of total applications decreased to 10.8 percent from 10.9 percent and the USDA share of total applications remained unchanged at 0.8 percent.

About the author

Phil Hall

Link copied

Published

May 03, 2017

Analysis and Data

Homeownership Slips Further Away For Californians

Only 18% of Californians could afford a median-priced home in 2024, with affordability gaps persisting across ethnic groups

Buying a home in California became even harder across all ethnic groups last year, as surging mortgage costs pushed affordability further out of reach, according to the California Association of Realtors (C.A.R.). Only 18% of Californians earned enough to purchase the sta...

Analysis and Data

Mr. Cooper Shrinks Originations But Strengthens Borrower Retention Ahead Of Rocket Merger

Loan production fell 10% in Q1, but purchase share climbed and borrower recapture hit 51% amid broader strategic realignment

Mr. Cooper Group reported first-quarter 2025 results that reflect a mixed environment for mortgage production and servicing, as the company emphasized operational stability and strategic expansion despite a slowdown in origination volume. Loan Production Mr. Cooper fun...