Mortgage Applications Up by 0.1 Percent – NMP
Industry News

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
Get the NMP Daily
Non-QM
What Non-QM Leaders Say Originators Should Do Before Year-End

At NMP’s Non-QM Town Hall, lender executives shared where they’re seeing volume, where originators can find untapped business, and why execution matters more than ever

The next Non-QM deal may not require another lead source.It could be an investor whose deal didn't work a year ago. A self-employed borrower sitting in an originator's CRM. A homeowner who needs cash but doesn't want to disturb a first mortgage. Or a past client who owns thr...

Continue reading
Tech
Newrez Turns Servicing Data Into Repeat Business For Brokers

HomeHub expansion routes financing interest from protected wholesale borrowers back to their originating loan officers

Newrez is extending its homeowner-engagement platform to wholesale borrowers, giving brokers a potential path back to clients when another mortgage opportunity emerges.HomeHub is now available to protected wholesale borrowers, allowing homeowners to monitor estimated home va...

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