Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
Mortgage Applications Dipped 4.7% Last Week
WASHINGTON (8/15/13)--U.S. mortgage applications dipped 4.7%, seasonally adjusted, for the week ended Aug. 9 from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey.

The Market Composite Index is a measure of mortgage loan application volume. On an unadjusted basis, the index dropped 5%. The Refinance Index fell 4%. The seasonally adjusted Purchase Index decreased 5%, while the unadjusted Purchase Index fell 6% and was 4% higher than the same week one year ago.

The refinance share of mortgage activity remained unchanged at 63%. Adjustable-rate activity increased to 6% of total applications. The government share of purchase applications was 29%--well below the long-term series average of 38%. The Home Affordable Refinance Program share of refinance applications dipped to 35% from 36% the week prior.

To read the MBA report, use the link.
Other Resources

MBA Report
RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
1 day ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
3 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
3 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
5 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
6 hours ago