CalculatedRisk @ December 7, 2011 # Comments Off
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey
The Refinance Index increased 15.3 percent from the previous week. The seasonally adjusted Purchase Index increased 8.3 percent from one week earlier to its highest level since Au…
CalculatedRisk @ November 23, 2011 # Comments Off
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey
The Refinance Index decreased 4.0 percent from the previous week to its lowest level since July 29, 2011. The seasonally adjusted Purchase Index increased 8.2 percent from last we…
CalculatedRisk @ November 20, 2011 # Comments Off
“In the near future”, the NAR is expected to revise down their estimates of existing home sales for the last few years. Tom Lawler wrote back in January 2011: As many readers may recall, over the last year and a half I have noted numerous times that t…
CalculatedRisk @ November 19, 2011 # Comments Off
Another week, same lead sentence: The drama in Europe continues to overshadow the U.S. economic situation and the European financial crisis continues to pose the greatest downside risk to the U.S. economy. That said …
In the U.S., the economic data…
CalculatedRisk @ November 18, 2011 # Comments Off
By request, the following graphs show the percent of loans delinquent by loan type: Prime, Subprime, FHA and VA. First a table comparing the number of loans in 2007 and Q3 2011 so readers can understand the shift in loan types.
Both the number of pri…
CalculatedRisk @ November 17, 2011 # Comments Off
The MBA reported that 12.42 percent of mortgage loans were either one payment delinquent or in the foreclosure process in Q3 2011 (delinquencies seasonally adjusted). This is down slightly from 12.87 percent in Q2 2011.
From the MBA: Delinquencies De…
CalculatedRisk @ November 10, 2011 # Comments Off
From Freddie Mac: 30-Year Fixed-Rate Mortgage Averages 3.99 Percent
Freddie Mac today released the results of its Primary Mortgage Market Survey(® (PMMS®), showing average mortgage rates changing little from the previous week amid a mix of economic d…
CalculatedRisk @ November 9, 2011 # Comments Off
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey
The Refinance Index increased 12.1 percent from the previous week. The seasonally adjusted Purchase Index increased 4.8 percent from one week earlier to the highest level since Au…
CalculatedRisk @ November 2, 2011 # Comments Off
From Reuters: Mortgage applications barely up last week: MBA
The MBA’s seasonally adjusted gauge of loan requests for home purchases rose 1.8 percent, while the index of refinancing applications was off 0.2 percent.
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Fixed 30-year mortgage rates av…
CalculatedRisk @ October 26, 2011 # Comments Off
The MBA reports: Mortgage Applications Increase in Latest MBA Weekly Survey
The Refinance Index increased 4.4 percent from the previous week. The seasonally adjusted Purchase Index increased 6.4 percent from one week earlier.
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The average contract …