Skip to main content

Mortgage Applications Down 6.2 Percent

Phil Hall
Jun 28, 2017
The Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 23 found a market where there was relatively little interest in new home loans and refinancing

The Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 23 found a market where there was relatively little interest in new home loans and refinancing.
 
The Market Composite Index dropped by 6.2 percent on a seasonally adjusted basis and by seven percent on an unadjusted basis. The seasonally adjusted Purchase Index took a four percent spill from one week earlier and the unadjusted Purchase Index decreased by five percent—although the latter was eight percent higher than the same week one year ago. The Refinance Index was down by nine percent from the previous week and the refinance share of mortgage activity decreased to 45.6 percent of total applications from 46.6 percent the previous week.
 
Among the federal programs, the FHA share of total applications increased to 10.3 percent from 10.1 percent the week prior, while the VA share of total applications decreased to 10.3 percent from 10.4 percent the week prior and the USDA share of total applications remained unchanged at 0.7 percent.

 
Published
Jun 28, 2017
Reports: Evergrande Group Arranges Bond Extension

Reuters, REDD say company's billionaire chairman has agreed to provide additional collateral to ensure a construction project tied to a $260M bond is completed.

Industry News
Oct 21, 2021
New American Funding Hires Regional Manager

Mark Tribuna will lead effort to expand company's partnership with affordable nonprofit builders in mid-Pacific region

Industry News
Oct 21, 2021
Rocket Pro Announces Initiatives To Boost Brokers

Company brings Rocket Tech, the Rocket Network and Rocket Marketing to mortgage brokers across the country

Industry News
Oct 19, 2021
FormFree Taps Amazon Web Services For Consumer Financial Identity Solutions

FormFree will use Amazon's blockchain technology to manage its latest consumer Financial DNA solution and its newly introduced FormFree Exchange.

Tech
Oct 19, 2021
Synergy One Lending Increases Its Capital By $50M

San Diego-based Synergy One Lending Inc. completed a $50 million corporate note financing with a consortium of institutional investors.

Industry News
Oct 19, 2021
TransUnion Sees Untapped Growth Opportunity For The Mortgage Industry

A study conducted by TransUnion, which explores the creditworthiness of low-to-moderate income consumers, revealed that the segment represents a $300 billion growth opportunity for the mortgage industry.

Analysis and Data
Oct 19, 2021