Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Mortgage Applications Inch Up 0.2%
WASHINGTON (8/8/13)--U.S. mortgage applications inched up 0.2% last week from one week earlier, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey.

The Market Composite Index--a measure of mortgage loan application volume--increased 0.2% for the week ending Aug. 2 on a seasonally adjusted basis. On an unadjusted basis, the index was essentially unchanged.

The Refinance Index was unchanged. The seasonally adjusted Purchase Index rose 1%, while the unadjusted Purchase Index increased 1% and was 8% higher than the same week one year ago.

The refinance share of mortgage activity was unchanged at 63% of total applications. The adjustable-rate mortgage share of activity remained constant at 6%. Home Affordable Refinance Program refinancing applications decreased to 36% from 37%.

The average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances ($417,500 or less) rose to 4.61% from 4.58%. Points increased to 0.42 from 0.38-including--the origination fee--for 80% loan-to-value ratio loans.
RSS print
News Now LiveWire
USFCU, Minn., hosts small business networking night. http://t.co/CBFHpJTFZe
12 hours ago
Number of @CUNA-certified fin. counselors hits 2,175 http://t.co/3fQGcdxyLO
13 hours ago
Jobless claims drop by 19,000 this week #Market #NewsNow http://t.co/LSqaYCsmX4
14 hours ago
#RBC draws letters from @SenatorBegich, @SenShelby to @TheNCUA See #NewsNow http://t.co/JvLBwkHwxF
15 hours ago
It's #summercamp with a financial literacy, #creditunion twist http://t.co/5eaps9ZoVB
17 hours ago