MBA: Mortgage Applications decrease 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>Mortgage applications decreased 4.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 9, 2013. ...<br /><br />The Refinance Index decreased 4 percent from the previous week. The seasonally adjusted <b>Purchase Index decreased 5 percent</b> from one week earlier.<br />...<br />The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) decreased to 4.56 percent from 4.61 percent, with points decreasing to 0.39 from 0.42 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.<br />...<br />The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.60 percent from 3.66 percent, with points decreasing to 0.35 from 0.43 (including the origination fee) for 80 percent LTV loans.<br /><span style="font-size: x-small;">emphasis added</span></blockquote><a href="http://3.bp.blogspot.com/-OosCzw3d4rM/UgrU9JZrZoI/AAAAAAAAbfM/Z2aY8EpU5iE/s1600/MBARefiAug142013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Mortgage Refinance Index" border="0" src="http://3.bp.blogspot.com/-OosCzw3d4rM/UgrU9JZrZoI/AAAAAAAAbfM/Z2aY8EpU5iE/s320/MBARefiAug142013.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;up over the last 3 months, refinance activity has fallen sharply,&nbsp;decreasing in 12&nbsp;of the last 14&nbsp;weeks.<br /><br />This&nbsp;index is down 59% over the last&nbsp;3 months.&nbsp;&nbsp; The last time the index declined this far was in late 2010 and early 2011 when mortgage increased sharply with the Ten Year Treasury rising from 2.5% to 3.5%.&nbsp; We've seen a similar increase over the last few months with the Ten Year Treasury yield up from 1.6% to over 2.7% today.<br /><br /><a href="http://1.bp.blogspot.com/-rHkeHB0Km-o/UgrVFPmdGWI/AAAAAAAAbfU/8r6uxeIp0ng/s1600/MBAAug142013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Mortgage Purchase Index" border="0" src="http://1.bp.blogspot.com/-rHkeHB0Km-o/UgrVFPmdGWI/AAAAAAAAbfU/8r6uxeIp0ng/s320/MBAAug142013.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 (but down over the couple of months), and&nbsp;the&nbsp;4-week average of the&nbsp;purchase index is up&nbsp;about 7% 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>Mortgage applications decreased 4.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 9, 2013. ...<br /><br />The Refinance Index decreased 4 percent from the previous week. The seasonally adjusted <b>Purchase Index decreased 5 percent</b> from one week earlier.<br />...<br />The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) decreased to 4.56 percent from 4.61 percent, with points decreasing to 0.39 from 0.42 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.<br />...<br />The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.60 percent from 3.66 percent, with points decreasing to 0.35 from 0.43 (including the origination fee) for 80 percent LTV loans.<br /><span style="font-size: x-small;">emphasis added</span></blockquote><a href="http://3.bp.blogspot.com/-OosCzw3d4rM/UgrU9JZrZoI/AAAAAAAAbfM/Z2aY8EpU5iE/s1600/MBARefiAug142013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Mortgage Refinance Index" border="0" src="http://3.bp.blogspot.com/-OosCzw3d4rM/UgrU9JZrZoI/AAAAAAAAbfM/Z2aY8EpU5iE/s320/MBARefiAug142013.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;up over the last 3 months, refinance activity has fallen sharply,&nbsp;decreasing in 12&nbsp;of the last 14&nbsp;weeks.<br /><br />This&nbsp;index is down 59% over the last&nbsp;3 months.&nbsp;&nbsp; The last time the index declined this far was in late 2010 and early 2011 when mortgage increased sharply with the Ten Year Treasury rising from 2.5% to 3.5%.&nbsp; We've seen a similar increase over the last few months with the Ten Year Treasury yield up from 1.6% to over 2.7% today.<br /><br /><a href="http://1.bp.blogspot.com/-rHkeHB0Km-o/UgrVFPmdGWI/AAAAAAAAbfU/8r6uxeIp0ng/s1600/MBAAug142013.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Mortgage Purchase Index" border="0" src="http://1.bp.blogspot.com/-rHkeHB0Km-o/UgrVFPmdGWI/AAAAAAAAbfU/8r6uxeIp0ng/s320/MBAAug142013.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 (but down over the couple of months), and&nbsp;the&nbsp;4-week average of the&nbsp;purchase index is up&nbsp;about 7% from a year ago.<br>2013 2013 2013 <br> <a href="http://www.matrixar.com/" title="Matrix ">المصفوفة : أجمل الخلفيات والصور</a>