mortgage bankers association

Mortgage Applications Have Largest Weekly Gain Since November 2008

(Jeff Sorg, OnlineEd) – On an adjusted basis, the Market Composite Index, a measure of mortgage loan application volume, increased 49.1 percent on a seasonally adjusted basis form one week earlier. On an unadjusted basis, the index increased 119 percent compared with the previous week. The refinance Index increased 66 percent from the previous week to its highest

New Home Purchases Decreased 9% in August

 (Jeff Sorg, OnlineEd) – Data for August 2014 shows mortgage applications for new home purchases decreased by 9 percent relative to July 2014, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS). The MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 424,000 units in August. The seasonally adjusted