Minimal Movement in Mortgage Applications – NMP Skip to main content

Minimal Movement in Mortgage Applications

Sep 05, 2018
Mortgage application activity was mostly stagnant, according to data from the Mortgage Bankers Association (MBA) for the week ending Aug. 31

Mortgage application activity was mostly stagnant, according to data from the Mortgage Bankers Association (MBA) for the week ending Aug. 31.
 
The Market Composite Index dipped by a scant 0.1 percent on a seasonally adjusted basis from one week earlier, while the unadjusted index was down by two percent. The seasonally adjusted Purchase Index increased one percent from one week earlier, but the unadjusted index was two percent lower—although the latter was also two percent higher than the same week one year ago.
 
The Refinance Index dropped by one percent from the previous week, but the refinance share of mortgage activity increased to 38.9 percent of total applications from 38.7 percent the previous week.
 
Among the federal programs, the FHA share of total applications remained unchanged at 10.2 percent from the week prior while the VA share of total applications decreased to 10 percent from 10.5 percent and the USDA share of total applications increased to 0.8 percent from 0.7 percent.

 
About the author
Published
Sep 05, 2018
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

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

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

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

Jun 16, 2026
Trump Taps Former CFPB Deputy Brian Johnson To Lead Bureau

MBA backs the nomination as lenders await clarity on the future direction of consumer finance regulation under the Trump administration

Jun 12, 2026
Trump Names FHFA Director Bill Pulte Acting Director Of National Intelligence

FHFA director will continue overseeing Fannie Mae and Freddie Mac while serving as acting director of national intelligence

Jun 02, 2026