Skip to main content

Refinancing Energizes Latest Mortgage Application Data

Phil Hall
Nov 15, 2017
Refinancing activity outpaced purchase loans in the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 10

Refinancing activity outpaced purchase loans in the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 10.
 
The Market Composite Index, was up by 3.1 percent on a seasonally adjusted basis and up by two percent on an unadjusted basis from one week earlier. The seasonally adjusted Purchase Index was only up by 0.4 percent from one week earlier while the unadjusted Purchase Index dropped by three percent compared with the previous week, although it was 17 percent higher than the same week one year ago. But the real energy came from the refi side: The Refinance Index increased six percent from the previous week to its highest level since October and the refinance share of mortgage activity increased to its highest level since September, 51.3 percent of total applications, from 49 percent the previous week.
 
Among the federal programs, the FHA share of total applications decreased to 10.2 percent from 10.6 percent the week prior while the VA share of total applications increased to 10.1 percent from 10 percent and the USDA share of total applications remained unchanged from the week prior at 0.7 percent.

 
Published
Nov 15, 2017
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021