Skip to main content

Mortgage Application Levels Blossom

Phil Hall
Mar 28, 2018
The coming of spring seems to have warmed up the homebuying process, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 23

The coming of spring seems to have warmed up the homebuying process, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 23.
 
The Market Composite Index rose by 4.8 percent on a seasonally adjusted basis from one week earlier while the unadjusted index was up by an even five percent. The seasonally adjusted Purchase Index increased three percent from one week earlier and the unadjusted index took a four percent rise while score an eight percent advantage from the same week one year ago. The Refinance Index increased seven percent from the previous week and the refinance share of mortgage activity increased to 39.4 percent of total applications from 38.5 percent the previous week.
 
Among the federal program, the FHA share of total applications decreased to 9.9 percent from 10.3 percent the week prior and the VA share of total applications decreased to 10.3 percent from 10.7 while the USDA share of total applications remained unchanged at 0.8 percent.

 
Published
Mar 28, 2018
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021
Interfirst Mortgage Launches ONE, Backed By Non-Owner Occupied Properties

ONE is a unique product built on a single interest rate with no adjustments and qualifies off the cash flow of the rental property.

Industry News
Jul 16, 2021
Global Digital Lending Market Projected To Reach $27B By 2028

The Global Digital Lending Platform Market was valued at $7.14 billion in 2020 and is projected to reach $27.07 billion by 2028.

Analysis and Data
Jul 14, 2021
FOMC Discusses Raising Interest Rates

Inflationary pressures have finally forced the Federal Open Market Committee (FOMC) to discuss raising interest rates and tapering its bond-buying program.

Analysis and Data
Jul 14, 2021
Fathom Holdings Inc. Creates New Hispanic Division

Fathom Holdings Inc., a technology-driven real estate platform, announced the creation of their Hispanic Division to more adequately serve this fast-growing demographic. 

Industry News
Jul 07, 2021