Mortgage Applications Tick Upwards – NMP Skip to main content

Mortgage Applications Tick Upwards

Phil Hall
Feb 28, 2018
More people are seeking out mortgage applications, according to Mortgage Bankers Association (MBA) data for the week ending March 22

More people have been seeking out home loans, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Feb. 23.
 
The Market Composite Index was up by 2.7 percent on a seasonally adjusted basis from one week earlier, although the unadjusted index was down by six percent. The seasonally adjusted Purchase Index increased six percent from one week earlier, but the unadjusted Purchase Index dipped by one percent compared with the previous week—although it was also three percent higher than the same week one year ago. The Refinance Index decreased one percent from the previous week and the refinance share of mortgage activity decreased to 41.8 percent of total applications from 44.4 percent the previous week.
 
Among the federal programs, the FHA share of total applications increased to 10.3 percent from 9.9 percent the week prior and the VA share of total applications increased to 10.7 percent from 10 percent, while the USDA share of total applications remained unchanged at 0.8 percent.

 
Published
Feb 28, 2018
Homeward Lays Off 20% Of Staff

Alternative real estate financing company cut about 120 jobs.

Industry News
Aug 12, 2022
Lone Peak Lending Joins Panorama Mortgage Group

Names Donovan Stamps as president.

Industry News
Aug 11, 2022
Fairway Independent Mortgage Hires Former PrimeLending President

Firm says Scott Bristol is part of aggressive originator expansion.

Career
Aug 11, 2022
Mortgage Rates Jump Back Above 5%

Freddie Mac says rates recent volatility continues.

Industry News
Aug 11, 2022
Redfin: Share Of Relocating Buyers At All-Time High In July

People are looking for less expensive and better lifestyles.

Industry News
Aug 11, 2022
Redfin Expands iBuying Business To Florida

RedfinNow, which makes cash offers for homes, now operates in 34 markets in 16 states and the District of Columbia.

Tech
Aug 11, 2022