Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Weekly Mortgage Applications Decline For Third Week
MADISON, Wis. (3/1/13)--U.S. mortgage applications for the week ending Feb. 22 decreased 3.8% from one week earlier--the third consecutive week of declines--according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey.

The Market Composite Index, a measure of mortgage loan application volume, dropped 3.8% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index fell 3%, compared with the previous week. The Refinance Index declined 3% from the previous week.

The seasonally adjusted Purchase Index decreased 5% from one week earlier and is at its lowest level since the week ending Dec. 28. The unadjusted Purchase Index dropped 2%, compared with the previous week and was 14% higher than the same week one year ago.

The refinance share of mortgage activity was unchanged from the previous week at 77% of total applications and remains at its lowest level since early July 2012. The adjustable-rate mortgage share of activity was unchanged at 4% of total applications. The Home Affordable Refinance Program share of refinance applications increased to 30% from 29% the prior week.

For the MBA survey, use the link.
RSS





print
News Now LiveWire
HFSC Chairman @RepHensarling announces subcommittee chairs for #114th Congress: http://t.co/FGnvnogI7n
6 hours ago
Don't Mullet Over: Check out @ECCU1's meme-rable campaign that brought in $8M in loans #NewsNow http://t.co/vNh2q01gcg
8 hours ago
#FOMC minutes show committee members debated erasing 'considerable time' from forward guidance #NewsNow #Market http://t.co/Gw0bEIFCe2
10 hours ago
NCUA votes 2 to 1 to approve 2015 budget: McWatters is dissenting vote.
11 hours ago
.@TheNCUA bd mmber McWatters at #NCUAbdmeeting invited specific, detailed comments on budget/budgetary process to be sent directly to him.
12 hours ago