A Blah Week for Mortgage Applications – NMP Skip to main content

A Blah Week for Mortgage Applications

Aug 23, 2017
Mortgage applications for new home purchases took a 7.5 percent year-over-year tumble in September

The home loan market had a case of the late summer blues, according to Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Aug. 18.
 
The Market Composite Index slipped by 0.5 percent on a seasonally adjusted basis from one week earlier, while the unadjusted index fell by two percent. The seasonally adjusted Purchase Index dipped by two percent from one week earlier, while the unadjusted Purchase Index was down by three percent—although it was nine percent higher than the same week one year ago.
 
The Refinance Index inched up by 0.3 percent from the previous week and the refinance share of mortgage activity increased to 48.7 percent of total applications from 47.8 percent the previous week.
 
Among the federal programs, the FHA share of total applications decreased to 10.1 percent from 10.2 percent the week prior while the VA share of total applications decreased to 10.2 percent from 10.5 percent and the USDA share of total applications remained unchanged from the week prior at 0.8 percent.

 
About the author
Published
Aug 23, 2017
The Fed Held. The Mortgage Market Got A Warning.

Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief

Jul 30, 2026
New Study Finds UWM's 'All-In' Triggered Industrywide Pricing Spillovers

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Jul 15, 2026
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Jul 10, 2026
Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Jul 09, 2026
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Jul 02, 2026
NEXA Founder Mike Kortas Launches evoLend To Help Originators Retain Borrowers

New Fannie Mae-, Freddie Mac- and Ginnie Mae-approved mortgage servicer aims to keep originators connected to borrowers through servicing data, payoff visibility and retention tools

Jul 02, 2026