Skip to main content

Mortgage Application Activity Flat

Mar 07, 2018
Fannie Mae is predicting a robust economic growth for this year, despite a projected slowdown during the first quarter

It was a slow week for home loans, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 2.
 
The Market Composite Index, a measure of mortgage loan application volume, squeaked up by a bare 0.3 percent on a seasonally adjusted basis, although it was up 13 percent on an unadjusted basis. The seasonally adjusted Purchase Index dropped by one percent from one week earlier, but the unadjusted Purchase Index was up 13 percent compared with the previous week and was one percent higher than the same week one year ago. The Refinance Index increased two percent from the previous week and the refinance share of mortgage activity remained unchanged from the previous week at 41.8 percent of total applications.  
 
Among the federal programs, the FHA share of total applications decreased to 10.1 percent from 10.3 percent the week prior and the VA share of total applications decreased to 9.9 percent from 10.7 percent, while the USDA share of total applications increased to 0.9 percent from 0.8 percent.

 
About the author
Published
Mar 07, 2018
About $18.6 Million Severance Payout For First American Ex-CEO Kenneth DeGiorgio

Rather than a brusque exit, high-performer DeGiorgio eligible to catch a soft breeze off into the horizon

Apr 23, 2025
New VantageScore Credit Model Aims To Boost Predictive Performance

Also, company’s pilot program gives nonprofit lenders access to modern credit scoring while helping them maintain sound lending practices

Apr 22, 2025
Mortgage Women Leadership Council Breaks 500-Member Benchmark

Becomes nation’s largest organization for women in the industry

Apr 21, 2025
Tug-Of-War Continues Between President Trump, Fed Chair Powell Over Rate Cuts

President’s April 17 social media post expresses growing impatience with Federal Reserve Board not cutting rates

Apr 18, 2025
Mortgage Insurance Premium Tax Write-Off Back On The Table

Bipartisan bill would restore, expand expired MIP deduction, aiming to ease homeownership costs for millions

Apr 15, 2025
FBI Boston Warns Of Growing Title Fraud

Fraudsters forging documents to sell properties or take out mortgages on them, FBI says

Apr 14, 2025