Purchase Apps Up, Refi Apps Down – NMP
Industry News

Purchase Apps Up, Refi Apps Down

Oct 04, 2017
Average mortgage rates were down slightly in the latest Freddie Mac data

There was more activity in the purchase market than the refinance market, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Sept. 29.
 
The Market Composite Index dipped by 0.4 percent on a seasonally adjusted basis from one week earlier, while the unadjusted index was down by one percent. Both the seasonally adjusted and unadjusted Purchase Index were up by one percent from the previous week, while the latter was five percent higher than the same week one year ago. The refinance index was down by two percent and the refinance share of mortgage activity decreased to 50.1 percent of total applications from 50.8 percent the previous week.
 
Among the federal programs, the FHA share of total applications increased to 10 percent from 9.6 percent the week prior, while the VA share of total applications remained unchanged at 10 percent and the USDA share of total applications increased to 0.8 percent from 0.7 percent.
 
About the author
Phil Hall
Link copied
Published
Oct 04, 2017
Get the NMP Daily
Wholesale
UWM Removes 20-Point VantageScore Adjustment

The wholesale lender removes an adjustment for new locks while Fannie and Freddie align pricing between VantageScore 4.0 and Classic FICO

Two changes are making it easier for mortgage brokers to choose between VantageScore 4.0 and Classic FICO.United Wholesale Mortgage has eliminated the 20-point adjustment it previously applied to VantageScore for new locks, effective Sept. 30. At the same time, Fannie Mae an...

Continue reading
People On The Move
Homes For Heroes Names Amit Kulkarni CEO

Former Bright MLS and Realtor.com executive takes the permanent post after serving as interim CEO since April

Homes for Heroes has named Amit Kulkarni CEO, making permanent a leadership transition that began earlier this year as founder Ruth Johnson moves into the role of executive chairman.Kulkarni has served as interim CEO since April and joined the organization's advisory board i...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
Rocket Makes VantageScore Its Default After Testing Finds Borrower Savings

After four months of testing, Rocket will make VantageScore 4.0 its preferred model for eligible retail loans while keeping both scoring options available to brokers

Industry News
Sep 29, 2026
CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Industry News
Sep 23, 2026
Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Industry News
Sep 23, 2026
Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

C-Suite Strategies
Sep 23, 2026
Fannie Changes How Rent From A Former Home Counts

Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac

Regulation and Compliance
Sep 22, 2026