bank loans: Mortgage Bankers Weekly Decrease in Latest MBA Weekly Survey - 05/05/11 03:50 PM
Market Composite Index: (loan application volume) decreased 5.6 percent from one week earlierRefinance Index:  increased 6.0 percent from the previous weekPurchase Index:  increased 1.1 percent compared with the previous week and was 36.9 percent lower than the same week one year ago.Refinance Share of Mortgage Activity: increased to 62.7 percent of total applications from 61.6 percent the previous week. The MBAA expects rate to rise this year, largely due to the Fed announcement that they will begin to back away from their mortgage buThis is a hit to affordability and will likely impact sales a bit. 
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bank loans: Freddie Mac Weekly Update: 30-year Fixed-Rate Mortgage Matches Yearly Low of 4.71% - 05/05/11 03:45 PM
 
30-year fixed-rate mortgage: averaged 4.78 percent with an averaged 4.71 percent with an average 0.7 point for the week ending May 5, 2011, down  from last week when it averaged 4.78 percent. Last year at this time, the 30-year FRM averaged 5.00 percent.  . The 15-year fixed-rate mortgage: this week  averaged 3.89 percent with an average 0.7 point, down  from last week when it averaged 3.97 percent.  A year ago at this time, the 15-year FRM averaged 4.36 percent. Five-year indexed hybrid adjustable-rate mortgages ARMs: averaged 3.47 percent this week, with an average 0.6 point, down from last week when … (2 comments)

bank loans: Freddie Mac Weekly Update: 30-Year Fixed-Rate Mortgage Moves Up to 4.91 Percent - 04/15/11 03:22 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, … (0 comments)

bank loans: Freddie Mac Weekly Update: 30 Year Mortgage Drops for Third Consecutive Week - 04/10/11 01:10 PM
30-year fixed-rate mortgage:   averaged 4.86 percent with an average 0.7 point for the week ending March 31, 2011, up  from last week when it averaged 4.81 percent. Last year at this time, the 30-year FRM averaged 5.08 percent.  The 15-year fixed-rate mortgage:  this weekend 4.87 percent with an average 0.7 point for the week ending March 3, 2011, down from last week when it averaged 4.95 percent. Last year at this time, the 30-year FRM averaged 4.97 percent. Five-year indexed hybrid adjustable-rate mortgages ARMs: averaged 4.15 percent with an average 0.7 point, down from last week when it averaged 4.22 … (0 comments)

bank loans: Mortgage Bankers Weekly Update: Applications Increase - 01/20/11 06:21 AM
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)

bank loans: Freddie Mac Weekly Update: Mortgage Rates Down for Second Week - 01/20/11 06:19 AM
 
30-year fixed-rate mortgage: Averaged 4.71 percent with an average 0.8 point for the week ending January 13, 2011, down from last week when it averaged 4.77 percent. Last year at this time, the 30-year FRM averaged 5.06 percent. The 15-year fixed-rate mortgage: Averaged 4.08 percent with an average 0.7 point, down from last week when it averaged 4.13 percent. A year ago at this time, the 15-year FRM averaged 4.45 percentFive-year indexed hybrid adjustable-rate mortgages ARMs: Averaged 3.72 percent this week, with an average 0.7 point, down from last week when it averaged 3.75 percent. A year ago, the 5-year … (0 comments)

bank loans: Mortgage Bankers Weekly Update: Mortgage Refinance Applications Increase - 01/13/11 02:32 PM
Mortgage Bankers Association for the week of  01/12/2010 Market Composite Index: (loan application volume)      increased 2.2 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 47.5 percent compared with the previous week Refinance Index: increased 4.9 percent from the previous week.  The seasonally adjusted Purchase Index decreased 3.7 percent from one week earlier Purchase Index:  increased 41.9 percent compared with the previous week and was 10.5 percent lower than the same week one year ago. The four week moving average for the seasonally adjusted Market Index is down 5.3 percent.  The … (0 comments)

bank loans: Freddie Mac Weekly Update: Rates Mostly Up in Freddie Mac Weekly Survey - 01/05/11 09:22 AM
30-year fixed-rate mortgage: Averaged 4.86 percent with an average 0.8 point for the week ending December 30, 2010, up from last week when it averaged 4.81 percent. Last year at this time, the 30-year FRM averaged 5.14 percent.The 15-year fixed-rate mortgage: Averaged 4.20 percent with an average 0.8 point, up from last week when it averaged 4.15 percent. A year ago at this time, the 15-year FRM averaged 4.54 percent. Five-year indexed hybrid adjustable-rate mortgages ARMs: Averaged 3.77 percent this week, with an average 0.7 point, up from last week when it averaged 3.75 percent. A year ago, the 5-year ARM … (0 comments)

bank loans: Freddie Mac Weekly Update: Mortgage Rates Stable - 11/26/10 08:47 AM
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)

bank loans: Mortgage Bankers Weekly Update: Sharp Jump in Purchases Led by Applications for FHA Loans - 10/07/10 09:11 AM
Mortgage Bankers Association for the week of  09/22/2010 Market Composite Index: (loan application volume)     decreased 0.2 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index decreased 0.3 percent compared with the previous week Refinance Index: decreased 2.5 percent from the previous week. The unadjusted Purchase Index increased 9.1 percent compared with the previous week and was 34.7 percent lower than the same week one year ago. Purchase Index: decreased to 78.9 percent of total applications from 80.7 percent the previous week. Refinance Share of Mortgage Activity: decreased to 78.9 percent of total … (0 comments)

bank loans: Banks to allow local groups to buy foreclosures - 10/06/10 10:42 AM
Following on the success of the First Look program many larger banks are going to take a page from first look program. Banks will now allow local governments and nonprofits the ability to buy foreclosed homes before they are sold to private investors. The largest mortgage lenders in the country, including Bank of America Corp. and Wells Fargo have agreed to let the groups purchase the properties ahead of private investors. Neighborhood organizations will have up to 48 hours to evaluate bank owned property before professional investors get to view and bid for purchase. The idea is to level the playing … (1 comments)

bank loans: Freddie Mac Weekly Mortgage Update: Long-Term Mortgage Rates Fall for the Ninth Week Out of Ten - 08/26/10 02:12 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. … (0 comments)

bank loans: Mortgage Bankers Weekly Update: Mortgage Refinance Applications Continue to Increase - 08/26/10 02:07 PM

Mortgage Bankers Association for the week of  08/25/2010 Market Composite Index: (loan application volume)   increased 4.9 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 4.5 percent compared with the previous week. Refinance Index: increased 5.7 percent from the previous week and is at its highest level since May 1, 2009. The seasonally adjusted Purchase Index increased 0.6 percent from one week earlier. Purchase Index: decreased 1.1 percent compared with the previous week and was 38.8 percent lower than the same week one year ago. Refinance Share of Mortgage Activity: increased … (0 comments)