MBA: Mortgage Purchase Applications increase slightly, Refinance Applications Decline in Latest Weekly Survey 2013

2013 2013 2013 From the MBA: <a href="http://www.mortgagebankers.org/NewsandMedia/PressCenter/">Mortgage Applications Decrease in Latest MBA Weekly Survey</a><br /><blockquote>The Refinance Index decreased 4 percent from the previous week and is at its lowest level since July 2011. The <b>seasonally adjusted Purchase Index increased 1 percent</b> from one week earlier.<br />...<br />The refinance share of mortgage activity decreased to 63 percent of total applications from 64 percent the previous week and is at its lowest level since April 2011.<br />...<br />The average contract interest rate for <b>30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) was unchanged at 4.68 percent</b>, with points decreasing to 0.42 from 0.46 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.<br /><span style="font-size: x-small;">emphasis added</span></blockquote><a href="http://4.bp.blogspot.com/-iX1QIYpFM8U/UeYpI0qDpCI/AAAAAAAAbG0/B85uE46SmpU/s1600/MBARefiJuly172013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Mortgage Refinance Index" border="0" src="http://4.bp.blogspot.com/-iX1QIYpFM8U/UeYpI0qDpCI/AAAAAAAAbG0/B85uE46SmpU/s320/MBARefiJuly172013.jpg" style="border: 1px solid rgb(0, 0, 0); float: right; margin: 10px;" /></a> <i><b><span style="font-size: 85%;">Click on graph for larger image.</span></b></i><br /><br />The first graph shows the refinance index.<br /><br />With 30 year mortgage rates&nbsp;above 4.5%, refinance activity has fallen sharply,&nbsp;decreasing in&nbsp;9 of the last 10&nbsp;weeks.<br /><br />This&nbsp;index is down 55% over the last&nbsp;ten weeks.<br /><br /><a href="http://3.bp.blogspot.com/-XHPVcOx6U8w/UeYpMkHu6-I/AAAAAAAAbG8/IT9ocI6TEPA/s1600/MBAJuly172013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Mortgage Purchase Index" border="0" src="http://3.bp.blogspot.com/-XHPVcOx6U8w/UeYpMkHu6-I/AAAAAAAAbG8/IT9ocI6TEPA/s320/MBAJuly172013.jpg" style="border: 1px solid rgb(0, 0, 0); float: right; margin: 10px;" /></a> The second graph shows the MBA mortgage purchase index.&nbsp; The 4-week average of the purchase index has generally been trending up&nbsp;over the last year, and&nbsp;the&nbsp;4-week average of the&nbsp;purchase index is up almost 10% from a year ago.<br> 2013 2013 2013 <br>From the MBA: <a href="http://www.mortgagebankers.org/NewsandMedia/PressCenter/">Mortgage Applications Decrease in Latest MBA Weekly Survey</a><br /><blockquote>The Refinance Index decreased 4 percent from the previous week and is at its lowest level since July 2011. The <b>seasonally adjusted Purchase Index increased 1 percent</b> from one week earlier.<br />...<br />The refinance share of mortgage activity decreased to 63 percent of total applications from 64 percent the previous week and is at its lowest level since April 2011.<br />...<br />The average contract interest rate for <b>30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) was unchanged at 4.68 percent</b>, with points decreasing to 0.42 from 0.46 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.<br /><span style="font-size: x-small;">emphasis added</span></blockquote><a href="http://4.bp.blogspot.com/-iX1QIYpFM8U/UeYpI0qDpCI/AAAAAAAAbG0/B85uE46SmpU/s1600/MBARefiJuly172013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Mortgage Refinance Index" border="0" src="http://4.bp.blogspot.com/-iX1QIYpFM8U/UeYpI0qDpCI/AAAAAAAAbG0/B85uE46SmpU/s320/MBARefiJuly172013.jpg" style="border: 1px solid rgb(0, 0, 0); float: right; margin: 10px;" /></a> <i><b><span style="font-size: 85%;">Click on graph for larger image.</span></b></i><br /><br />The first graph shows the refinance index.<br /><br />With 30 year mortgage rates&nbsp;above 4.5%, refinance activity has fallen sharply,&nbsp;decreasing in&nbsp;9 of the last 10&nbsp;weeks.<br /><br />This&nbsp;index is down 55% over the last&nbsp;ten weeks.<br /><br /><a href="http://3.bp.blogspot.com/-XHPVcOx6U8w/UeYpMkHu6-I/AAAAAAAAbG8/IT9ocI6TEPA/s1600/MBAJuly172013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Mortgage Purchase Index" border="0" src="http://3.bp.blogspot.com/-XHPVcOx6U8w/UeYpMkHu6-I/AAAAAAAAbG8/IT9ocI6TEPA/s320/MBAJuly172013.jpg" style="border: 1px solid rgb(0, 0, 0); float: right; margin: 10px;" /></a> The second graph shows the MBA mortgage purchase index.&nbsp; The 4-week average of the purchase index has generally been trending up&nbsp;over the last year, and&nbsp;the&nbsp;4-week average of the&nbsp;purchase index is up almost 10% from a year ago.<br>2013 2013 2013 <br> <a href="http://www.matrixar.com/" title="Matrix ">المصفوفة : أجمل الخلفيات والصور</a>