Mortgage Applications Up by 0.1 Percent

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.

About the author

Phil Hall

Link copied

Published

Nov 22, 2017

Analysis and Data

World Cup Tickets Outpace Mortgage Payments

Monthly mortgage payments have become the new yardstick for sticker shock

For some World Cup fans, the cost of one seat has climbed into mortgage-payment territory.The World Cup kicks off Thursday in Mexico City, opening a six-week tournament across 16 North American host cities. FIFA expects the event to draw between 5 million and 6 million fans,...

Industry News

President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

President Donald Trump abruptly canceled Wednesday’s planned signing of the 21st Century ROAD to Housing Act, throwing the future of a sweeping bipartisan housing affordability package into uncertainty just hours before it was expected to become law.“Today’s Housing News Con...

Sep

San Francisco, CA

More from

Industry News

President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Industry News

Jun 24, 2026

Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Industry News

Jun 18, 2026

Fed Holds Rates Steady, But Outlook Dims For Mortgage Rate Relief

The Federal Reserve left rates unchanged but updated projections show more policymakers expecting additional hikes

Industry News

Jun 18, 2026

Congress Nears Final Vote On 21st Century ROAD to Housing Act

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

Industry News

Jun 17, 2026

Florida Pending Sales Signal Strong Summer Housing Market

Closed sales rise for a ninth straight month as inventory gives buyers more negotiating power