Items Tagged with 'Market Composite'

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  • Borrowers Continue Refinancing Frenzy; Apps Rise Eight Percent

    Refinancing activity hit its highest level since November amid declining mortgage rates this past week, according to a report released Wednesday by the Mortgage Bankers Association. The Market Composite Index, a measure of aggregate mortgage loan application volume, was 981.5 for the week ended January 18 -- an increase of 8.3 percent on a seasonally adjusted basis from 906.4 one week earlier. The index was up 11 percent versus the same week one year ago, the MBA said.
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  • Mortgage Application Activity Tumbles

    Purchase and refinance applications dropped precipitously during the week ended Dec. 21, according to data released Thursday by the Mortgage Bankers Association. The Market Composite Index, a measure of overall mortgage loan application volume, fell 7.6 percent on a seasonally-adjusted basis to 603.8; in spite of the weekly drop, application activity remained up 9.9 percent compared with the same week one year earlier.
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  • Mortgage Apps Scratching 5-Month Low; Weakening Demand for Purchase Apps Seen

    According to the MBA's latest Weekly Mortgage Applications Survey, mortgage application volume dropped 3.6 percent in the week ended July 20 -- the Market Composite Index used to track aggregate application activity dropped to 609.0, near a 5-month low. A steep drop in purchase applications appears to be to blame here, with the Purchase Index dropping 5.0 percent from one week earlier; refinance applications dropped less sharply, falling 1.6 percent, according to the MBA.
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  • Mortgage Purchase Applications Up Slightly, While Refinance Apps Drop

    The Mortgage Bankers Association released its weekly application survey today, which showed applications last week remaining essentially unchanged: The Market Composite Index, a measure of mortgage loan application volume, was 619.4, an increase of 0.1 percent on a seasonally adjusted basis from 618.6 one week earlier. On an unadjusted basis, the Index decreased 0.1 percent compared with the previous week and was up 9.7 percent compared with the same week one year earlier.
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  • MBA: Apps Down In Spite of Rate Drop

    In spite of an end to a weeks-long trend of increasing mortgage rates, the Mortgage Bankers Association reported this morning that the volume of both purchase and refinance mortgage applications dropped last week -- perhaps reflecting consumers' hesitance over the current direction of the mortgage market.
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  • Mortgage Apps Rebound Strongly

    The Mortgage Bankers Association has released its application volume numbers, which show a strong rebound in both purchase and refinance application activity. Purchases jumped 7.2 percent and refis jumped 5.6 percent from one week earlier:
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  • Mortgage Apps Decline Again; Drop in Refis Drives Downward Trend

    Mortgage applications continued to edge downward last week, the latest sign of borrower hesitance in the face of a declining housing market, according to numbers released Wednesday by the Mortgage Bankers Association. The Market Composite Index, a measure of mortgage loan application volume, was 671, a decrease of 0.2 percent on a seasonally adjusted basis from 672.1 one week earlier. On an unadjusted basis, the Index decreased 0.2 percent compared with the previous week and was up 16.6 percent compared with the same week one year earlier.
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  • Mortgage Apps Drop; 'Fear' Cited

    According to statistics released today by the Mortgage Bankers Association, mortgage applications dropped last week for the first time in four weeks, in spite of a continuing favorable rate environemnt. The Market Composite Index, a measure of mortgage loan application volume, was 672.1, a decrease of 2.7 percent on a seasonally adjusted basis from 690.5 one week earlier. On an unadjusted basis, the Index decreased 2.5 percent compared with the previous week and was up 18 percent compared with the same week one year earlier, the MBA said.
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  • Apps increase; ARM share continues to fall

    Mortgage applications increased 16.6 percent during the first week of January, according to a weekly mortgage applications survey conducted by the Mortgage Bankers Association. The Market Composite Index, a measure of mortgage loan application volume, was 671.1, up from 575.6 one week earlier. On an unadjusted basis, the index increased 33.2 percent compared with the previous week and was up 12 percent compared with the same week one year earlier, according to the association.
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