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
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
1 Day ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
1 Day ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
1 Day ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
1 Day ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
1 Day ago