Posted by: in Uncategorized, tags: Adjusted Basis, Application Volume, Decline, Excerpt, Market Index, Mba, Mortgage Activity, Mortgage Application, Mortgage Applications, Mortgage Bankers Association, Moving Average, Nbsp, Purchase Index, Purchase Mortgage, Refinancing, Rood, Survey, Unadjusted Basis, Week Ended March, Weekly Mortgage Tim Rood wrote an interesting post today on
Here?s a quick excerpt
Once
again a decline in refinancing wiped out modest gains in purchase mortgage
activity during the week ended March 23.?
As a result the Mortgage Bankers Association?s (MBA) Weekly Mortgage
Applications Survey decreased 2.7 percent on a seasonally adjusted basis from
the previous week.? ?On an unadjusted basis the index was down 2.6
percent.
The
Refinance Index decreased by 4.6 percent, the sixth consecutive week it has lost
ground.? It is now at its lowest level
since December.? The decline was due
primarily to a 12.0 percent drop in applications for government-backed
refinancing sector.? The conventional refinancing
sector by comparison fell only 3.4 percent.?
The refinancing share of all mortgage applications activity dropped to
71.9 percent from 73.4 percent.? This was
the lowest share of activity for refinancing since last July. ??
The
seasonally adjusted Purchase Index increased 3.3 percent from the week ended
March 16 and the unadjusted Purchase Index was 1.0 percent higher than during
the same week in 2011.
The
four week moving average for the Market Index fell [...]
Read the rest of this great post here
Source: http://www.realestatemortgageonline.com/9448/mortgage-application-volume-down-for-sixth-week/
take care childish gambino camp drake take care tracklist drake take care tracklist dr murray trial take care drake cain accuser
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.