Skip to main content

Mortgage Applications Up by 0.1 Percent

Phil Hall
Nov 22, 2017
An uptick in refinancing helped to boost mortgage applications during the week ending Sept. 27, according to new data from the Mortgage Bankers Association

While the nation was getting ready in advance of this week’s Thanksgiving holiday, mortgage application activity managed to record a very slight rise.
 
According to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 17, the Market Composite Index squeaked out a scant 0.1 percent uptick on a seasonally adjusted basis but dipped by two percent compared with the previous week. The seasonally adjusted Purchase Index was up by five percent from one week earlier and the unadjusted Purchase Index increased by one percent compared with the previous week and was up by four percent from the same week one year ago.
 
However, the Refinance Index dropped by five percent from the previous week while the refinance share of mortgage activity decreased to 49.9 percent of total applications from 51.3 percent the previous week.
 
Among the federal programs, the FHA share of total applications increased to 10.6 percent from 10.2 percent the week prior and the VA share of total applications increased to 10.7 percent from 10.1 percent, while the USDA share of total applications remained unchanged from the week prior at 0.7 percent.

 
Published
Nov 22, 2017
ATTOM Announces Addition Of NMLS Data

Provides access to the names and NMLS IDs for those originating residential mortgage loans.

Industry News
Oct 05, 2022
DOJ: Lakeland Bank To Spend $13M To Settle 'Redlining' Claims

Agreement with N.J. bank is the third-largest redlining settlement in Justice Department history.

Industry News
Sep 29, 2022
Angel Oak Layoffs Add To Growing List Of Non-QM Cuts

About 20% of its staff, or 75 people, were affected.

Industry News
Sep 28, 2022
Redwood Trust Names New Chief Investment Officer

Also announces planned CoreVest leadership transition to be completed on 3rd anniversary of acquisition

Industry News
Sep 27, 2022
Fannie Mae Pilot Program Seeks To Help Improve Renters' Credit

Renters, including historically underserved groups, will benefit from paying on time each month.

Industry News
Sep 27, 2022
Suffolk County Data Breach Puts Contracts On Back Burner

Cyberattack beginning Sept. 8 prevents title services from closing loans.

Tech
Sep 27, 2022