Tag Archive for Purchase Applications

Purchase Applications Increase in Latest MBA Weekly Survey

Press Release MBAA WASHINGTON, D.C. (May 2, 2012) — Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 27, 2012. The Market Composite Index, a measure of mortgage loan application volume, increased 0.1 percent on a seasonally…

No Truth Coming From Mortgage Bankers Ass.

Apparently the MBAss (Mortgage Bankers Association) didn’t like the fact that someone in the financial blogo-wackosphere actually had the temerity to make use of real, hard data, that they hadn’t massaged. Now, not only do they not report the actual index level of their seasonally smoothed applications indexes, the charts of the not seasonally adjusted…

How To Fall From Near Zero- Slowly – Professional Edition

Mortgage applications remained moribund this week after a counter trend move in most of October and November. The data shows no sign of a reversal of the downtrend in purchase applications. New homes sales data released by the Commerce Department today shows builder sales at new record lows. The housing industry remains in a slow…

Housing Starts Suggest Inventory Build- Professional Edition

Mortgage applications turned lower this week after a counter trend move in most of October and November. The data shows no sign of a reversal of the downtrend in purchase applications. December homebuilder survey data released today also shows no movement off rock bottom levels. Likewise for November housing starts, although the media, as usual,…

What Up With That?

So there was this big jump in mortgage purchase applications today. I thought to myself, “Hmmmm, I  wonder how many will make it to closing. And I wonder what triggered the pop.” Pop is relative of course. Yeah, it was a 9% jump from last week, but the level is still 35% below last year…

No Jobs, No House Sales – Professional Edition

The total number of employed persons remained near the lowest levels since 2005, and the total number of mortgage purchase applications stayed near the lowest levels in 14 years, this week. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that…