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loans: Mortgage Bankers Weekly Survey: Mortgage Applications Increase - 06/16/11 07:51 PM
 
Mortgage Bankers Association for the week of 6/15/2010 Fixed rate mortgages are changed little this week, the 30-year fixed-rate mortgage inching up to 4.5% from last week’s 4.49% average rate. The MBAA reports their  Market Composite Index:Loan application volume increased 13% over last weeks number. Their Refinance Index: increased 16.5 percent from the previous week and made of the bulk of mortgage activity this week.However,  Mortgage applications decreased 4% from one week earlier, according to data from the Mortgage Bankers Associations Weekly Mortgage The MBAA reports their  Purchase Index  increased 4.5 percent from one week earlier, a slight uptick in purchase volume.Key to better numbers is growth, especially job growth. … (0 comments)

loans: Mortgage Bankers Weekly Decrease in Latest MBA Weekly Survey - 05/05/11 10:22 PM
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loans: Freddie Mac Weekly Update: 30-Year Fixed-Rate Mortgage Moves Up to 4.91 Percent - 04/15/11 10:14 PM
 
30-year fixed-rate mortgage:   averaged 4.91 percent with an average 0.6 point for the week ending April 14, 2011, up from last week when it averaged 4.87 percent. Last year at this time, the 30-year FRM averaged 5.07 percent. The 15-year fixed-rate mortgage:  averaged 4.13 percent with an average 0.7 point, up from last week when it averaged 4.10 percent. A year ago at this time, the 15-year FRM averaged 4.40 percent.  Five-year indexed hybrid adjustable-rate mortgages ARMs: averaged 3.78 percent this week, with an average 0.6 point, up from last week when it averaged 3.72 percent. A year ago, … (2 comments)

loans: Freddie Mac Weekly Update: 30-Year Fixed-Rate Mortgage Drops to 5 Percent - 02/17/11 04:29 PM
 
30-year fixed-rate mortgage: A veraged 5.0 percent with an average 0.7 point for the week ending February 17, 2011, down from last week when it averaged 5.05 percent. Last year at this time, the 30-year FRM averaged 4.93 percent. The 15-year fixed-rate mortgage: Averaged 4.27 percent with an average 0.7 point, down from last week when it averaged 4.29 percent. A year ago at this time, the 15-year FRM averaged 4.33 percent. Five-year indexed hybrid adjustable-rate mortgages ARMs: Averaged 3.87 percent this week, with an average 0.6 point, down from last week when it averaged 3.92 percent. A year ago, … (0 comments)

loans: Freddie Mac Weekly Update: 30-Year Fixed Rate Mortgags Rise to 5.05% Highest Level Since April 2010 - 02/10/11 02:49 PM
30-year fixed-rate mortgage: Averaged 5.05 percent with an average 0.7 point for the week ending February 10, 2011, up from last week when it averaged 4.81 percent. Last year at this time, the 30-year FRM averaged 4.97 percent. The 15-year fixed-rate mortgage: Averaged 4.29 percent with an average 0.7 point, up from last week when it averaged 4.08 percent. A year ago at this time, the 15-year FRM averaged 4.34 percent. Five-year indexed hybrid adjustable-rate mortgages ARMs: Averaged 3.92 percent this week, with an average 0.6 point, up from last week when it averaged 3.69 percent. A year ago, the 5-year … (0 comments)

loans: Mortgage Bankers Weekly Update: Applications Increase - 01/20/11 02:16 PM
Mortgage Bankers Association for the week of  01/19/2010 Market Composite Index: (loan application volume)   increased 5.0 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 6.4 percent compared with the previous week. Refinance Index: increased 7.7 percent from the previous week. This is the third consecutive weekly increase in refinance applications and is the highest Refinance Index observed since the beginning of December Purchase Index:  decreased 1.9 percent from one week earlier. The unadjusted Purchase Index increased 3.1 percent compared with the previous week and was 16.0 percent lower than the same … (0 comments)

loans: Mortgage Bankers Weekly Update: Mortgage Applications Decrease - 12/19/10 06:34 PM
 
Mortgage Bankers Association for the week of  12/15/2010 Market Composite Index: (loan application volume)      decreased 2.3 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index decreased 2.7 percent compared with the previous week. Refinance Index: decreased 0.7 percent from the previous week. This is the fifth straight weekly decline for the Refinance Index. The seasonally adjusted Purchase Index decreased 5.0 percent from one week earlier. Purchase Index:  decreased 8.6 percent compared with the previous week and was 16.6 percent lower than the same week one year ago Refinance Share of Mortgage … (1 comments)

loans: Freddie Mac Weekly Update: Bond Yields Rise and So Do Mortgage Rates - 12/09/10 09:29 PM
 
30-year fixed-rate mortgage: Averaged 4.61 percent with an average 0.7 point for the week ending December 9, 2010, up from last week when it averaged 4.46 percent. Last year at this time, the 30-year FRM averaged 4.81 percent. The 15-year fixed-rate mortgage: Averaged 3.96 percent with an average 0.7 point, up from last week when it averaged 3.81 percent. A year ago at this time, the 15-year FRM averaged 4.32 percent. . Five-year indexed hybrid adjustable-rate mortgages ARMs: Averaged 3.60 percent this week, with an average 0.6 point, up from last week when it averaged 3.49 percent. A year ago, … (0 comments)

loans: Mortgage Bankers Weekly Update: Mortgage Purchase Applications Increase - 11/26/10 04:45 PM
Mortgage Bankers Association for the week of  11/24/2010 Market Composite Index: (loan application volume)     increased 2.1 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 1.1 percent compared with the previous week. Refinance Index: decreased 1.0 percent from the previous week and is the lowest Refinance Index observed since the end of June.  Purchase Index: increased 14.4 percent from one week earlier, which included Veterans Day. No adjustment was made for the holiday. On a seasonally adjusted basis, this is the highest Purchase Index recorded since the week ending May 7, … (0 comments)

loans: Freddie Mac Weekly Update: Mortgage Rates Stable - 11/26/10 04:43 PM
30-year fixed-rate mortgage: Averaged 4.40 percent with an average 0.8 point for the week ending November 24, 2010, up slightly from last week when it averaged 4.39 percent. Last year at this time, the 30-year FRM averaged 4.78 percent.The 15-year fixed-rate mortgage: Averaged 3.77 percent with an average 0.7 point, up slightly from last week when it averaged 3.76 percent. A year ago at this time, the 15-year FRM averaged 4.29 percent.Five-year indexed hybrid adjustable-rate mortgages ARMs: Averaged 3.45 percent this week, with an average 0.6 point, up from last week when it averaged 3.40 percent. A year ago, the 5-year … (0 comments)

loans: Mortgage Bankers Weekly Update: Purchase Applications Increase, while Refinance Applications Decline - 11/04/10 06:25 PM
 
Mortgage Bankers Association for the week of  11/3/2010
Market Composite Index: (loan application volume)     decreased 5.0 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index decreased 5.3 percent compared with the previous week. Refinance Index: decreased 6.4 percent from the previous week. The seasonally adjusted Purchase Index increased 1.4 percent from one week earlier. Purchase Index: increased 0.2 percent compared with the previous week and was 28.0 percent lower than the same week one year ago. Refinance Share of Mortgage Activity: decreased to 81.3 percent of total applications from 82.3 … (0 comments)

loans: Freddie Mac Weekly Mortgage Update: Mortgage Rates Relatively Flat This Week - 11/04/10 06:19 PM
 
30-year fixed-rate mortgage: Averaged 4.24 percent with an average 0.8 point for the week ending November 4, 2010, up slightly from last week when it averaged 4.23 percent.  Last year at this time, the 30-year FRM averaged 4.98 percent. The 15-year fixed-rate mortgage: Averaged 3.63 percent with an average 0.7 point, down from last week when it averaged 3.66 percent. A year ago at this time, the 15-year FRM averaged 4.40 percent. Five-year indexed hybrid adjustable-rate mortgages ARMs: Averaged 3.39 percent this week, with an average 0.6 point , down from last week when it averaged 3.41 percent. A year … (0 comments)

loans: Mortgage Bankers Weekly Update: Mortgage Applications Increase - 10/31/10 04:00 PM
Mortgage Bankers Association for the week of  10/27/2010 Market Composite Index:(loan application volume)    increased 3.2 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 3.1 percent compared with the previous week. Refinance Index: increased 3.0 percent from the previous week.  The seasonally adjusted Purchase Index increased 3.9 percent from one week earlier. The unadjusted Purchase Index increased 3.5 percent compared with the previous week and was 30.3 percent lower than the same week one year ago. Purchase Index: The four week moving average is down 0.7 percent for the seasonally adjusted Purchase IndexRefinance Share of Mortgage Activity: decreased to 82.3 percent of … (0 comments)

loans: Freddie Mac Weekly Mortgage Update: Long-Term Mortgage Rates Rise Slightly - 10/31/10 03:47 PM
30-year fixed-rate mortgage:Averaged 4.21 percent with an average 0.8 point for the week ending October 21, 2010, up from last week when it averaged 4.19 percent. Last year at this time, the 30-year FRM averaged 5.00 percent. The 15-year fixed-rate mortgage: Averaged 3.64 percent with an average 0.7 point , up from last week when it averaged 3.62 percent. A year ago at this time, the 15-year FRM averaged 4.43 percent. Five-year indexed hybrid adjustable-rate mortgages ARMs: Averaged 3.45 percent this week, with an average 0.6 point , down from last week when it averaged 3.47 percent. A year ago, the 5-year ARM averaged 4.40 percent. The 5-year ARM has … (0 comments)

loans: Mortgage Bankers Weekly Update: Refinance Applications Jump as Rates Continue to Fall - 10/17/10 11:32 PM
 
Mortgage Bankers Association for the week of  10/13/2010
Market Composite Index: (loan application volume)     increased 14.6 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 14.8 percent compared with the previous week. Refinance Index: increased 21.0 percent from the previous week.  The seasonally adjusted Purchase Index decreased 8.5 percent from one week earlier. The unadjusted Purchase Index decreased 8.3 percent compared with the previous week and was 37.1 percent lower than the same week one year ago. Purchase Index:  Purchase activity remains generally weak, but applications for conventional purchase … (0 comments)

loans: FHA Reforms Shift The Game - 09/16/10 08:06 PM
 
The coming FHA reforms will help stabilize FHA's financial viability. FHA will be allowed to raise premiums. The cap on the maximum annual FHA insurance premium increases from 0.5% to 1.5% and for loans with high loan To Value ratios, 0.55% to 1.55%. But the real importance is how the reforms will shift  liquidity to rental property. Multi  Family The bill also increases FHA's multifamily loan limits for elevator buildings and buildings in high cost areas, helping lenders finance the construction and rehab of rental housing. Sales volume is up, debt and equity financing are more available and indexes for both … (1 comments)

loans: Freddie Mac Weekly Mortgage Update: Mortgage Rates to Once Again Set New Record Lows - 09/09/10 04:52 PM
 
 
30-year fixed-rate mortgage: Averaged 4.32 percent with an average 0.7 point for the week ending September 2, 2010, down from last week when it averaged 4.36 percent. Last year at this time, the 30-year FRM averaged 5.08 percent. The 15-year fixed-rate mortgage: Average 0.6 point, down from last week when it averaged 3.86 percent. A year ago at this time, the 15-year FRM averaged 4.54 percent. Five-year indexed hybrid adjustable-rate mortgages ARMs: Averaged 3.54 percent this week, with an average 0.6 point, down from last week when it averaged 3.56 percent. A year ago, the 5-year ARM averaged 4.59 … (0 comments)

loans: Mortgage Bankers Weekly Update: Refinance Applications Fall Slightly - 09/09/10 04:44 PM
Mortgage Bankers Association for the week of  09/08/2010
Market Composite Index: (loan application volume)     decreased 1.5 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index decreased 1.9 percent compared with the previous week . Refinance Index: decreased 3.1 percent from the previous week Purchase Index:  increased 6.3 percent from one week earlier.   Refinance Share of Mortgage Activity: decreased to 81.9 percent of total applications from 82.9 percent the previous week. Arm Share: activity remained unchanged at 6.1 percent of total applications from the previous week. MBA outlook: (Excerpted from mbaa.org) … (0 comments)

loans: Freddie Mac Weekly Mortgage Update: Long-Term Mortgage Rates Fall for the Ninth Week Out of Ten - 08/26/10 09:00 PM
30-year fixed-rate mortgage: Averaged 4.36 percent with an average 0.7 point for the week ending August 26, 2010, down from last week when it averaged 4.42 percent. Last year at this time, the 30-year FRM averaged 5.14 percent. The 15-year fixed-rate mortgage: Averaged a record low of 3.86 percent with an average 0.6 point, down from last week when it averaged 3.90 percent. A year ago at this time, the 15-year FRM averaged 4.58 percent. Five-year indexed hybrid adjustable-rate mortgages ARMs: Averaged 3.56 percent this week, with an average 0.6 point, unchanged from last week when it also averaged 3.56 percent. … (1 comments)

loans: Freddie Mac Weekly Mortgage Update: 30-Year, Mortgages Continue to Inch Downward - 08/21/10 04:15 PM
30-year fixed-rate mortgage: Averaged 4.42 percent with an average 0.7 point for the week ending August 19, 2010, down from last week when it averaged 4.44 percent. Last year at this time, the 30-year FRM averaged 5.12 percent. The 15-year fixed-rate mortgage: Averaged a record low of 3.90 percent with an average 0.6 point, down from last week when it averaged 3.92 percent. A year ago at this time, the 15-year FRM averaged 4.56 percent. Five-year indexed hybrid adjustable-rate mortgages ARMs: Averaged 3.56 percent this week, with an average 0.6 point, unchanged from last week when it also averaged 3.56 percent. … (0 comments)