The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending September 3, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 1.9 percent compared with the previous week.

The Refinance Index decreased 3.1 percent from the previous week. The seasonally adjusted Purchase Index increased 6.3 percent from one week earlier. The unadjusted Purchase Index increased 4.0 percent compared with the previous week and was 38.8 percent lower than the same week one year ago.

Purchase applications increased last week, reaching the highest level since the end of May. However, purchase activity remains well below levels seen prior to the expiration of the homebuyer tax credit, and is almost 40 percent below the level recorded one year ago. On the other hand, refinance volume dropped last week for the first time in six weeks, but the level of applications to refinance remains close to recent highs, as historically low mortgage rates continue to draw borrowers into the market.

The four week moving average for the seasonally adjusted Market Index is up 4.4 percent. The four week moving average is up 1.3 percent for the seasonally adjusted Purchase Index, while this average is up 5.0 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 81.9 percent of total applications from 82.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity remained unchanged at 6.1 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 4.50 percent from 4.43 percent, with points decreasing to 0.96 from 1.34 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate decreased from last week. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.00 percent from 3.88 percent, with points decreasing to 0.87 from 1.45 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week. The average contract interest rate for one-year ARMs increased to 7.00 percent from 6.95 percent, with points decreasing to 0.21 from 0.23 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 27, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 2.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 2.3 percent compared with the previous week.

The Refinance Index increased 2.8 percent from the previous week and is at its highest level since May 1, 2009. The seasonally adjusted Purchase Index increased 1.8 percent from one week earlier. The unadjusted Purchase Index decreased 0.4 percent compared with the previous week and was 37.0 percent lower than the same week one year ago.

Refinancing activity picked up again last week, reaching new 15-month highs, as borrowers took advantage of even lower mortgage rates. The drop in mortgage rates was in line with Treasury rates as the latest data continue to show weak economic growth and an exceptionally weak housing market. The sharp decline in MBA's Purchase Application index in May had provided a clear leading indicator of the drops in new and existing home sales that were reported for June and July. Despite the slight increase in purchase activity in the past week, the continued low level of purchase applications indicates we are unlikely to see an increase in new home sales reported for August or existing home sales reported for September.

The four week moving average for the seasonally adjusted Market Index is up 5.2 percent. The four week moving average is down 0.2 percent for the seasonally adjusted Purchase Index, while this average is up 6.3 percent for the Refinance Index.

The refinance share of mortgage activity increased to 82.9 percent of total applications from 82.4 percent the previous week and is the highest refinance share observed since January 2009. The adjustable-rate mortgage (ARM) share of activity increased to 6.1 percent from 5.8 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.43 percent from 4.55 percent, with points increasing to 1.34 from 0.89 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The contract rate is a new low for this survey. The effective rate also decreased from last week. The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.88 percent from 3.91 percent, with points decreasing to 1.45 from 1.64 (including the origination fee) for 80 percent LTV loans. The contract rate is a new low for this survey. The effective rate also decreased from last week. The average contract interest rate for one-year ARMs increased to 6.95 percent from 6.84 percent, with points increasing to 0.23 from 0.22 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 20, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 4.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 4.5 percent compared with the previous week.

The Refinance Index increased 5.7 percent from the previous week and is at its highest level since May 1, 2009. The seasonally adjusted Purchase Index increased 0.6 percent from one week earlier. The unadjusted Purchase Index decreased 1.1 percent compared with the previous week and was 38.8 percent lower than the same week one year ago.

The volume of refi applications last week was up 26% over their level four weeks ago. Mortgage rates dropped to their lowest level in the survey, going back to 1990, as incoming data continue to indicate that economic growth has slowed We are at a new 15 month high for the Refinance index. With rates this low, many borrowers who refinanced in the past two years may well have an incentive to refinance again, and this is likely increasing refi application activity.

The four week moving average for the seasonally adjusted Market Index is up 5.0 percent. The four week moving average is down 0.3 percent for the seasonally adjusted Purchase Index, while this average is up 6.2 percent for the Refinance Index.

The refinance share of mortgage activity increased to 82.4 percent of total applications from 81.4 percent the previous week, which is the highest share observed since January 2009. The adjustable-rate mortgage (ARM) share of activity increased to 5.8 percent from 5.7 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.55 percent from 4.60 percent, with points decreasing to 0.89 from .92 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. This was the lowest 30-year contract rate ever recorded in the survey. The effective rate also decreased from last week. The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.91 percent from 3.99 percent, with points increasing to 1.64 from 1.05 (including the origination fee) for 80 percent LTV loans. This was the lowest 15-year contract rate ever recorded in the survey. However due to the increase in points, the effective rate increased from last week. The average contract interest rate for one-year ARMs decreased to 6.84 percent from 6.90 percent, with points increasing to 0.22 from 0.21 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 13, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 13.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 12.4 percent compared with the previous week.

The Refinance Index increased 17.1 percent from the previous week and was the highest Refinance Index observed in the survey since the week ending May 15, 2009. The seasonally adjusted Purchase Index decreased 3.4 percent from one week earlier. The unadjusted Purchase Index decreased 4.6 percent compared with the previous week and was 38.6 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 2.6 percent. The four week moving average is up 0.1 percent for the seasonally adjusted Purchase Index, while this average is up 3.2 percent for the Refinance Index.

The refinance share of mortgage activity increased to 81.4 percent of total applications from 78.1 percent the previous week, which is the highest refinance share observed since January 2009. The adjustable-rate mortgage (ARM) share of activity decreased to 5.7 percent from 5.9 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 4.60 percent from 4.57 percent, with points increasing to 0.92 from 0.89 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate also increased from last week. The average contract interest rate for 15-year fixed-rate mortgages increased to 3.99 percent from 3.95 percent, with points decreasing to 1.05 from 1.08 (including the origination fee) for 80 percent LTV loans. The effective rate also increased from last week. The average contract interest rate for one-year ARMs decreased to 6.90 percent from 7.00 percent, with points decreasing to 0.21 from 0.22 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 6, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 0.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 0.4 percent compared with the previous week.

The Refinance Index increased 0.6 percent from the previous week and the seasonally adjusted Purchase Index increased 0.3 percent from one week earlier. The unadjusted Purchase Index decreased 0.3 percent compared with the previous week and was 34.1 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 1.2 percent. The four week moving average is up 1.8 percent for the seasonally adjusted Purchase Index, while this average is up 1.0 percent for the Refinance Index.

The refinance share of mortgage activity increased to 78.1 percent of total applications from 78.0 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 5.9 percent from 5.4 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.57 percent from 4.60 percent, with points decreasing to 0.89 from 0.93 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. This was the lowest 30-year contract rate ever recorded in the survey. The effective rate also decreased from last week. The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.95 percent from 4.03 percent, with points increasing to 1.08 from 1.01 (including the origination fee) for 80 percent LTV loans. This was the lowest 15-year contract rate ever recorded in the survey. The effective rate also decreased from last week. The average contract interest rate for one-year ARMs decreased to 7.00 percent from 7.10 percent, with points increasing to 0.22 from 0.21 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 30, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 1.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 1.4 percent compared with the previous week.

The Refinance Index increased 1.3 percent from the previous week. The seasonally adjusted Purchase Index increased 1.5 percent from one week earlier. This third straight weekly increase in the Purchase Index was driven by government purchase applications which increased 3.4 percent from last week, while conventional purchase applications were essentially flat. The unadjusted Purchase Index increased 1.5 percent compared with the previous week, was up 7.1 percent relative to four weeks ago, but was 33.7 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 0.3 percent. The four week moving average is up 0.9 percent for the seasonally adjusted Purchase Index, while this average is up 0.2 percent for the Refinance Index.

The refinance share of mortgage activity remained flat at 78.0 percent of total applications from the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 5.4 percent from 5.7 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.60 percent from 4.69 percent, with points increasing to 0.93 from 0.88 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate also decreased from last week. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.03 percent from 4.12 percent, with points increasing to 1.01 from 0.83 (including the origination fee) for 80 percent LTV loans. This is the lowest 15-year contract rate ever recorded in the survey. The effective rate also decreased from last week. The average contract interest rate for one-year ARMs decreased to 7.10 percent from 7.15 percent, with points decreasing to 0.21 from 0.23 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 23, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.4 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 4.2 percent compared with the previous week.

The Refinance Index decreased 5.9 percent from the previous week. The seasonally adjusted Purchase Index increased 2.0 percent from one week earlier and is the highest Purchase Index observed in the survey since the end of June. The unadjusted Purchase Index increased 2.4 percent compared with the previous week and was 34.3 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 1.6 percent. The four week moving average is flat for the seasonally adjusted Purchase Index, while this average is up 2.0 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 78.0 percent of total applications from 79.4 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 5.7 percent from 5.2 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 4.69 percent from 4.59 percent, with points decreasing to 0.88 from 1.04 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate also increased from last week. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.12 percent from 4.05 percent, with points decreasing to 0.83 from 0.88 (including the origination fee) for 80 percent LTV loans. The effective rate also increased from last week. The average contract interest rate for one-year ARMs decreased to 7.15 percent from 7.17 percent, with points decreasing to 0.23 from 0.24 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 16, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 7.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 19.5 percent compared with the previous week, which included the Independence Day holiday.

The Refinance Index increased 8.6 percent from the previous week and was the highest Refinance Index observed in the survey since the week ending May 15, 2009. The increase in total refinance applications was driven by a 10.7 percent increase in conventional refinance applications, while government refinance applications decreased by 4.2 percent.

The seasonally adjusted Purchase Index increased 3.4 percent from one week earlier, driven by an 8.0 percent increase in government purchase applications. Conventional purchase applications were essentially flat, increasing just 0.3 percent from last week. The unadjusted Purchase Index increased 15.3 percent compared with the previous week and was 35.7 percent lower than the same week one year ago.

“As rates on 30- and 15-year fixed-rate mortgages declined to the lowest levels recorded in the survey, refinance activity increased last week. The refinance index is up almost 30 percent over the past 4 weeks, but is still well below the peak seen last spring,” said Michael Fratantoni, MBA’s Vice President of Research and Economics. “Refinance borrowers, aiming for the lowest possible rate, are getting conventional loans. The strength in purchase applications comes from government loans, likely indicating that prospective buyers are drawn by the lower downpayment requirements.”

The four week moving average for the seasonally adjusted Market Index is up 4.9 percent. The four week moving average is down 1.3 percent for the seasonally adjusted Purchase Index, while this average is up 6.5 percent for the Refinance Index.

The refinance share of mortgage activity increased to 79.4 percent of total applications from 78.7 percent the previous week. This was the highest refinance share observed in the survey since April 2009. The adjustable-rate mortgage (ARM) share of activity decreased to 5.2 percent from 5.5 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.59 percent from 4.69 percent, with points increasing to 1.04 from 0.96 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. This was the lowest 30-year contract rate ever recorded in the survey. The effective rate also decreased from last week. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.05 percent from 4.12 percent, with points decreasing to 0.88 from 1.04 (including the origination fee) for 80 percent LTV loans. This was the lowest 15-year contract rate ever recorded in the survey. The effective rate also decreased from last week. The average contract interest rate for one-year ARMs decreased to 7.17 percent from 7.20 percent, with points increasing to 0.24 from 0.22 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 9, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.9 percent on a seasonally adjusted basis from one week earlier. This week’s results include an adjustment to account for the Independence Day holiday. On an unadjusted basis, the Index decreased 12.6 percent compared with the previous week.

The Refinance Index decreased 2.9 percent from the previous week and the seasonally adjusted Purchase Index decreased 3.1 percent from one week earlier. This was the lowest Purchase Index observed in the survey since December 1996. The unadjusted Purchase Index decreased 12.7 percent compared with the previous week and was 43.0 percent lower than Independence Day week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 1.5 percent. The four week moving average is down 2.4 percent for the seasonally adjusted Purchase Index, while this average is up 2.6 percent for the Refinance Index.

The refinance share of mortgage activity remained constant at 78.7 percent of total applications from the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 5.5 percent from 5.4 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 4.69 percent from 4.68 percent, with points increasing to 0.96 from 0.86 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate increased from last week. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.12 percent from 4.11 percent, with points increasing to 1.04 from 0.93 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week. The average contract interest rate for one-year ARMs remained unchanged at 7.20 percent, with points decreasing to 0.22 from 0.24 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 2, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 6.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 6.5 percent compared with the previous week.

The Refinance Index increased 9.2 percent from the previous week and is the highest Refinance Index observed in the survey since the week ending May 15, 2009. The seasonally adjusted Purchase Index decreased 2.0 percent from one week earlier. The Purchase Index has decreased eight of the last nine weeks. The unadjusted Purchase Index decreased 2.3 percent compared with the previous week and was 34.7 percent lower than the same week one year ago.

“Mortgage rates remained near record lows last week, as incoming data on the job and housing markets were weaker than anticipated. As more homeowners locked in to these low rates, the level of refinance applications increased to a new 13-month high,” said Michael Fratantoni, MBA’s Vice President of Research and Economics. “For the month of June, purchase applications declined almost 15 percent relative to the prior month, and were down more than 30 percent compared to April, the last month in which buyers were eligible for the tax credit.”

The four week moving average for the seasonally adjusted Market Index is up 6.4 percent. The four week moving average is up 0.1 percent for the seasonally adjusted Purchase Index, while this average is up 8.3 percent for the Refinance Index.

The refinance share of mortgage activity increased to 78.7 percent of total applications from 76.8 percent the previous week, which is the highest refinance share observed in the survey since April 2009. The adjustable-rate mortgage (ARM) share of activity increased to 5.4 percent from 4.7 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 4.68 percent from 4.67 percent, with points decreasing to 0.86 from 0.96 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate slightly decreased from last week. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.11 percent from 4.06 percent, with points decreasing to 0.93 from 0.97 (including the origination fee) for 80 percent LTV loans. The effective rate also increased from last week. The average contract interest rate for one-year ARMs increased to 7.20 percent from 7.05 percent, with points decreasing to 0.24 from 0.27 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 25, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 8.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 8.3 percent compared with the previous week.

The Refinance Index increased 12.6 percent from the previous week and is the highest Refinance Index observed in the survey since the week ending May 22, 2009. The seasonally adjusted Purchase Index decreased 3.3 percent from one week earlier. The unadjusted Purchase Index decreased 3.8 percent compared with the previous week and was 36.0 percent lower than the same week one year ago.

“Amid continuing financial market volatility, mortgage rates dropped again last week, with rates on 15-year loans reaching a record low for the MBA survey. Refinance applications jumped in response, but remain at about half the level seen in the spring of 2009,” said Michael Fratantoni, MBA’s Vice President of Research and Economics. “Purchase applications declined for the seventh time in the last eight weeks, keeping the purchase index near 13-year lows.”

The four week moving average for the seasonally adjusted Market Index is up 1.5 percent. The four week moving average is down 0.8 percent for the seasonally adjusted Purchase Index, while this average is up 2.1 percent for the Refinance Index.

The refinance share of mortgage activity increased to 76.8 percent of total applications from 73.8 percent the previous week, which is the highest refinance share observed in the survey since April 2009. The adjustable-rate mortgage (ARM) share of activity decreased to 4.7 percent from 4.9 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.67 percent from 4.75 percent, with points decreasing to 0.96 from 1.07 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. This is the lowest 30-year contract rate recorded in the survey since the week ending April 24, 2009. The effective rate also decreased from last week. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.06 percent from 4.19 percent, with points decreasing to 0.97 from 1.00 (including the origination fee) for 80 percent LTV loans. This is the lowest 15-year contract rate ever recorded in the survey. The effective rate also decreased from last week. The average contract interest rate for one-year ARMs was unchanged at 7.05 percent, with points remaining constant at 0.27 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 18, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 5.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 6.0 percent compared with the previous week.
The Refinance Index decreased 7.3 percent from the previous week and the seasonally adjusted Purchase Index decreased 1.2 percent from one week earlier. The unadjusted Purchase Index decreased 2.3 percent compared with the previous week and was 36.8 percent lower than the same week one year ago.

The decline in total purchase applications was driven by a 4.4 percent decrease in government applications, while conventional purchase applications increased by 1.0 percent.

The four week moving average for the seasonally adjusted Market Index is down 0.5 percent. The four week moving average is down 1.1 percent for the seasonally adjusted Purchase Index, while this average is down 0.4 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 73.8 percent of total applications from 74.8 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 4.9 percent from 5.2 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.75 percent from 4.82 percent, with points increasing to 1.07 from 0.89 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. This is the lowest 30-year contract rate observed in the survey since the week ending May 15, 2009. The effective rate also decreased from last week. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.19 percent from 4.23 percent, with points increasing to 1.00 from 0.83 (including the origination fee) for 80 percent LTV loans. Due to the increase in points, the effective rate is unchanged from last week. The average contract interest rate for one-year ARMs decreased to 7.05 percent from 7.07 percent, with points remaining constant at 0.27 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 11, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 17.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 29.7 percent compared with the previous week, which was a shortened week due to the Memorial Day holiday.

The Refinance Index increased 21.1 percent from the previous week. This is the highest Refinance Index recorded in the survey since May 2009. The seasonally adjusted Purchase Index increased 7.3 percent from one week earlier, which is the first increase in six weeks. The unadjusted Purchase Index increased 17.4 percent compared with the previous week and was 31.3 percent lower than the same week one year ago.

“Mortgage applications for home purchases increased last week, the first increase in over a month. Refinance applications also picked up significantly over the week,” said Michael Fratantoni, MBA’s Vice President of Research and Economics. “While it is clear that purchase applications in May dropped sharply as a result of the tax credit induced increase in applications in April, it is unclear whether we are seeing the beginnings of a rebound now.”

The four week moving average for the seasonally adjusted Market Index is up 3.8 percent. The four week moving average is down 1.7 percent for the seasonally adjusted Purchase Index, while this average is up 5.5 percent for the Refinance Index.

The refinance share of mortgage activity increased to 74.8 percent of total applications from 72.2 percent the previous week, which is the highest refinance share observed in the survey since the week ending December 18, 2009. The adjustable-rate mortgage (ARM) share of activity increased to 5.2 percent from 5.1 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 4.82 percent from 4.81 percent, with points decreasing to 0.89 from 1.02 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. However, due to the decrease in points, the effective rate decreased from last week. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.23 percent from 4.26 percent, with points decreasing to 0.83 from 0.95 (including the origination fee) for 80 percent LTV loans. The effective rate also decreased from last week. The average contract interest rate for one-year ARMs increased to 7.07 percent from 6.94 percent, with points decreasing to 0.27 from 0.30 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 4, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 12.2 percent on a seasonally adjusted basis from one week earlier. This week's results include an adjustment to account for the Memorial Day holiday. On an unadjusted basis, the Index decreased 21.1 percent compared with the previous week.

The Refinance Index decreased 14.3 percent from the previous week and the seasonally adjusted Purchase Index decreased 5.7 percent from one week earlier. The unadjusted Purchase Index decreased 16.3 percent compared with the previous week and was 30.4 percent lower than Memorial Day week last year.

The four week moving average for the seasonally adjusted Market Index is down 0.7 percent. The four week moving average is down 11.7 percent for the seasonally adjusted Purchase Index, while this average is up 3.6 percent for the Refinance Index.

“Purchase and refinance applications dropped this week, even after an adjustment for the Memorial Day holiday. Purchase applications are now 35 percent below their level of four weeks ago, as homebuyers have not yet returned to the market following the expiration of the homebuyer tax credit at the end of April,” said Michael Fratantoni, MBA’s Vice President of Research and Economics. “Although rates remained essentially flat, refinance applications dropped this past week for the first time in a month. Despite the historically low rates, many homeowners have already refinanced recently, remain underwater on their mortgages, have uncertain job situations, or have damaged credit following this downturn, and therefore may not qualify to refinance.”

The refinance share of mortgage activity decreased to 72.2 percent of total applications from 73.8 percent the previous week. This is the first decline in the refinance share in five weeks. The adjustable-rate mortgage (ARM) share of activity decreased to 5.1 percent from 5.2 percent of total applications from the previous week, which is the third consecutive weekly decrease.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.81 percent from 4.83 percent, with points decreasing to 1.02 from 1.05 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate also decreased from last week. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.26 percent from 4.24 percent, with points decreasing to 0.95 from 1.11 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week. The average contract interest rate for one-year ARMs decreased to 6.94 percent from 6.96 percent, with points increasing to 0.30 from 0.27 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 28, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 0.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 0.3 percent compared with the previous week.

The Refinance Index increased 2.4 percent from the previous week. This was a smaller increase than in previous weeks, but was still the fourth consecutive weekly increase for the Refinance Index and it remains at its highest level since October 2009. The seasonally adjusted Purchase Index decreased 4.1 percent from one week earlier. The Purchase Index decreased for the fourth consecutive week and is currently at the lowest level since April 1997. The unadjusted Purchase Index decreased 5.2 percent compared with the previous week and was 16.8 percent lower than the same week one year ago.

With another week of historically low mortgage rates, the trend from the prior three weeks continued, as refinance applications increased while purchase applications dropped. Purchase applications are now almost 40 percent below their level four weeks ago, while the refinance share, at 74 percent, is at its highest level since December. In addition, the ARM share dropped last week to its lowest level since March of this year, as borrowers took the opportunity to lock in at historically low fixed mortgage rates.

The four week moving average for the seasonally adjusted Market Index is up 3.5 percent. The four week moving average is down 12.1 percent for the seasonally adjusted Purchase Index, while this average is up 11.5 percent for the Refinance Index.

The refinance share of mortgage activity increased to 73.8 percent of total applications from 72.2 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 5.2 percent from 6.0 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 4.83 percent from 4.80 percent, with points decreasing to 1.05 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate also increased slightly from last week. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.24 percent from 4.25 percent, with points increasing to 1.11 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week due to the increase in points. The average contract interest rate for one-year ARMs increased to 6.96 percent from 6.83 percent, with points decreasing to 0.27 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 21, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 11.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 10.3 percent compared with the previous week.

The Refinance Index increased 17.0 percent from the previous week. This third consecutive increase marks the highest Refinance Index recorded in the survey since October 2009. The seasonally adjusted Purchase Index decreased 3.3 percent from one week earlier and is the lowest Purchase Index observed in the survey since April 1997. The unadjusted Purchase Index decreased 4.0 percent compared with the previous week, was down 27.1 percent over the past 4 weeks, and was 27.5 percent lower than the same week one year ago.

“Refinance application volume jumped last week as continuing financial market turmoil related to the budget crises in Europe extended the opportunity for homeowners to lock in at historically low mortgage rates,” said Michael Fratantoni, MBA’s Vice President of Research and Economics. “In contrast, purchase applications fell further this week, following last week’s sharp decline, keeping the purchase index at 13-year lows.”

The four week moving average for the seasonally adjusted Market Index is up 4.4 percent. The four week moving average is down 7.2 percent for the seasonally adjusted Purchase Index, while this average is up 11.5 percent for the Refinance Index.

The refinance share of mortgage activity increased to 72.2 percent of total applications from 68.1 percent the previous week, which is the highest refinance share observed in the survey since December 2009. The adjustable-rate mortgage (ARM) share of activity decreased to 6.0 percent from 6.3 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.80 percent from 4.83 percent, with points remaining constant at 1.08 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. This is the lowest 30-year fixed-rate recorded in the survey since the week ending November 27, 2009. The effective rate also decreased from last week. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.25 percent from 4.19 percent, with points decreasing to 1.00 from 1.36 (including the origination fee) for 80 percent LTV loans. However, due to the decrease in points, the effective rate decreased from last week. The average contract interest rate for one-year ARMs increased to 6.83 percent from 6.81 percent, with points increasing to 0.38 from 0.37 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 14, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 3.1 percent compared with the previous week.

The Refinance Index increased 14.5 percent from the previous week and the seasonally adjusted Purchase Index decreased 27.1 percent from one week earlier. This is the lowest Purchase Index observed in the survey since May of 1997. The unadjusted Purchase Index decreased 27.0 percent compared with the previous week and was 24.1 percent lower than the same week one year ago.

“Purchase applications plummeted 27 percent last week and have declined almost 20 percent over the past month, despite relatively low interest rates. The data continue to suggest that the tax credit pulled sales into April at the expense of the remainder of the spring buying season. In fact, this drop occurred even as rates on 30-year fixed-rate mortgages continued to fall, and at 4.83 percent are at their lowest level since November 2009,” said Michael Fratantoni, MBA’s Vice President of Research and Economics. “However, refinance borrowers did react to these lower rates, with refi applications up almost 15 percent, hitting their highest level in nine weeks.”

The four week moving average for the seasonally adjusted Market Index is up 0.8 percent. The four week moving average is down 4.6 percent for the seasonally adjusted Purchase Index, while this average is up 4.5 percent for the Refinance Index.

The refinance share of mortgage activity increased to 68.1 percent of total applications from 57.7 percent the previous week. The adjustable-rate mortgage (ARM) share of activity remained constant at 6.3 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.83 percent from 4.96 percent, with points increasing to 1.08 from 0.91 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate also decreased from last week. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.19 percent from 4.32 percent, with points increasing to 1.36 from 0.81 (including the origination fee) for 80 percent LTV loans. This is the lowest 15-year contract interest rate ever recorded in the survey. However, due to the increase in points, the effective rate was essentially unchanged from last week. The average contract interest rate for one-year ARMs decreased to 6.81 percent from 6.86 percent, with points increasing to 0.37 from 0.35 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 7, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 3.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 3.4 percent compared with the previous week.

The Refinance Index increased 14.8 percent from the previous week and the seasonally adjusted Purchase Index decreased 9.5 percent from one week earlier. The unadjusted Purchase Index decreased 8.9 percent compared with the previous week and was 0.6 percent lower than the same week one year ago.

“The recent plunge in rates on US Treasury securities, due to a flight to quality as investors worldwide sought shelter from the Greek debt crisis, benefitted US mortgage borrowers last week. Rates on 30-year mortgages dropped to their lowest level since mid-March. As a result, refinance applications for conventional loans jumped, hitting their highest level in six weeks,” said Michael Fratantoni, MBA’s Vice President of Research and Economics. “In contrast, purchase applications fell almost 10 percent in the first week following the expiration of the homebuyer tax credit, as the tax credit likely pulled some sales into April that would otherwise have occurred in May or later.”

The four week moving average for the seasonally adjusted Market Index is up 4.4 percent. The four week moving average is up 4.5 percent for the seasonally adjusted Purchase Index, while this average is up 4.4 percent for the Refinance Index.

The refinance share of mortgage activity increased to 57.7 percent of total applications from 51.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity remained unchanged at 6.3 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.96 percent from 5.02 percent, with points decreasing to 0.91 from 0.92 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate also decreased from last week. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.32 percent from 4.34 percent, with points increasing to 0.81 from 0.80 (including the origination fee) for 80 percent LTV loans. The effective rate also decreased from last week. The average contract interest rate for one-year ARMs decreased to 6.86 percent from 7.03 percent, with points increasing to 0.35 from 0.28 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 30, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 4.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 5.1 percent compared with the previous week.
The Refinance Index decreased 2.1 percent from the previous week and the seasonally adjusted Purchase Index increased 13.0 percent from one week earlier. This is the third consecutive weekly increase in purchase applications and the highest Purchase Index recorded in the survey since the week ending October 2, 2009. The Conventional Purchase Index increased 9.4 percent from the previous week while the Government Purchase Index increased 16.7 percent. The unadjusted Purchase Index increased 14.1 percent compared with the previous week and was 10.3 percent higher than the same period one year ago.

"Purchase application activity continued to increase in the last week of the homebuyer tax credit program," said Michael Fratantoni, MBA's Vice President of Research and Economics. "Purchase applications were up 13 percent over the previous week and almost 24 percent over the last month, driven by significant increases in both conventional and government purchase applications. We also saw the Government share of applications for purchasing a home increase to over 50 percent of all purchase applications last week, which is the highest in two decades."

The four week moving average for the seasonally adjusted Market Index is up 0.9 percent. The four week moving average is up 5.0 percent for the seasonally adjusted Purchase Index, while this average is down 1.5 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 51.9 percent of total applications from 55.7 percent the previous week. This is the lowest refinance share observed in the survey since the week ending July 3, 2009. The adjustable-rate mortgage (ARM) share of activity increased to 6.3 percent from 6.0 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 5.02 percent from 5.08 percent, with points increasing to 0.92 from 0.91 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate decreased five basis points from last week. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.34 percent from 4.38 percent, with points decreasing to 0.80 from 0.93 (including the origination fee) for 80 percent LTV loans. The effective rate decreased six basis points from last week. The average contract interest rate for one-year ARMs remained unchanged at 7.03 percent, with points decreasing to 0.28 from 0.30 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 23, 2010. The Market Composite Index, a measure of mortgage loan application volume decreased 2.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 1.9 percent compared with the previous week.

The Refinance Index decreased 8.8 percent from the previous week, while the seasonally adjusted Purchase Index increased 7.4 percent from one week earlier and reached its highest level since October 2009. The increase in the purchase index was driven largely by the government purchase index, which increased 11.9 percent from last week on a seasonally adjusted basis, while the conventional purchase index increased 3.5 percent from last week. The unadjusted Purchase Index increased 8.5 percent compared with the previous week and was 2.4 percent higher than the same week one year ago.

“Purchase activity continues to increase as we approach the end of the homebuyer tax credit program,” said Michael Fratantoni, MBA's Vice President of Research and Economics. “Purchase applications were up almost 9 percent from a month ago, with a disproportionate share of the increase due to government purchase applications. Government applications for purchasing a home accounted for almost 49 percent of all purchase applications last week.”

The four week moving average for the seasonally adjusted Market Index is down 3.1 percent. The four week moving average is up 1.6 percent for the seasonally adjusted Purchase Index, while this average is down 5.8 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 55.7 percent of total applications from 60.0 percent the previous week. The refinance share is at its lowest since August 2009. The adjustable-rate mortgage (ARM) share of activity remained unchanged at 6.0 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 5.08 percent from 5.04 percent, with points decreasing to 0.91 from 0.98 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.38 percent from 4.34 percent, with points decreasing to 0.93 from 0.98 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs increased to 7.03 percent from 6.95 percent, with points increasing to 0.3 from 0.28 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 16, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 13.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 13.9 percent compared with the previous week.

“Treasury rates fell last week causing a decline in mortgage rates. As a result, refinance applications picked up over the week, as some borrowers took advantage of this recent rate volatility to lock in a low fixed-rate loan,” said Michael Fratantoni, MBA’s Vice President of Research and Economics. “Purchase applications continued to increase coming out of the Easter holiday, as we approach the end of the homebuyer tax credit, and are up modestly over last month.”

The Refinance Index increased 15.8 percent from the previous week and the seasonally adjusted Purchase Index increased 10.1 percent from one week earlier. The unadjusted Purchase Index increased 11.0 percent compared with the previous week and was 5.2 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is down 3.1 percent. The four week moving average is up 2.0 percent for the seasonally adjusted Purchase Index, while this average is down 5.9 percent for the Refinance Index.

The refinance share of mortgage activity increased to 60.0 percent of total applications from 58.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 6.0 percent from 6.3 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 5.04 percent from 5.17 percent, with points increasing to 0.98 from 0.91 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate also decreased from last week. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.34 percent from 4.45 percent, with points increasing to 0.98 from 0.80 (including the origination fee) for 80 percent LTV loans. The effective rate also decreased from last week. The average contract interest rate for one-year ARMs decreased to 6.95 percent from 7.02 percent, with points increasing to 0.28 from 0.27 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 9, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 9.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 9.5 percent compared with the previous week. This is the third lowest Market Index recorded in the survey since the end of June 2009.

"Applications for government mortgages dropped substantially last week, following the implementation of an increase in FHA mortgage insurance premiums," said Mike Fratantoni, MBA's Vice President of Research and Economics. "Applications for conventional mortgages also dropped last week, with refinance application volume continuing to drop following last week's jump in rates.”

The Refinance Index decreased 9.0 percent from the previous week, marking the index’s fifth consecutive decline. The seasonally adjusted Purchase Index decreased 10.5 percent from one week earlier. The unadjusted Purchase Index decreased 10.0 percent compared with the previous week and was 17.5 percent lower than the same week one year ago. The decline in purchase applications was driven by government purchase applications, which decreased 19.1 percent from last week, compared to a decrease of 2.0 percent in conventional purchase applications.

The four week moving average for the seasonally adjusted Market Index is down 6.2 percent. The four week moving average is down 0.9 percent for the seasonally adjusted Purchase Index, while this average is down 8.8 percent for the Refinance Index.

The refinance share of mortgage activity increased to 58.9 percent of total applications from 58.7 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 6.3 percent from 6.2 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 5.17 percent from 5.31 percent, with points increasing to 0.91 from 0.64 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate also decreased from last week. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.45 percent from 4.54 percent, with points decreasing to 0.80 from 0.92 (including the origination fee) for 80 percent LTV loans. The effective rate also decreased from last week. The average contract interest rate for one-year ARMs decreased to 7.02 percent from 7.03 percent, with points decreasing to 0.27 from 0.29 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 2, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 11.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 10.5 percent compared with the previous week.
“Mortgage rates jumped last week as the Federal Reserve completed their purchases of mortgage-backed securities,” said Michael Fratantoni, MBA’s Vice President of Research and Economics. “Refinance application volume dropped as mortgage rates reached their highest level since August 2009. Purchase volume was essentially unchanged relative to the prior week going into the Easter weekend.”

The Refinance Index decreased 16.9 percent from the previous week and the seasonally adjusted Purchase Index increased 0.2 percent from one week earlier. The unadjusted Purchase Index increased 0.5 percent compared with the previous week and was 18.1 percent lower than the same week one year ago. The government purchase index increased significantly for the third straight week and as a result, the government share of purchase applications increased to 49.9 percent, its highest level since February 1990 and the third highest level in the history of the data.

The four week moving average for the seasonally adjusted Market Index is down 3.8 percent. The four week moving average is up 3.2 percent for the seasonally adjusted Purchase Index, while this average is down 6.9 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 58.7 percent of total applications from 63.2 percent the previous week, marking the lowest share observed in the survey since the week ending August 28, 2009. The adjustable-rate mortgage (ARM) share of activity increased to 6.2 percent from 5.2 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 5.31 percent from 5.04 percent, with points decreasing to 0.64 from 1.07 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. This is the highest 30-year rate recorded in the survey since the first week of August 2009. The effective rate also increased from last week. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.54 percent from 4.34 percent, with points decreasing to 0.92 from 0.98 (including the origination fee) for 80 percent LTV loans. The effective rate also increased from last week. The average contract interest rate for one-year ARMs increased to 7.03 percent from 6.88 percent, with points decreasing to 0.29 from 0.31 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 26, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 1.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 1.5 percent compared with the previous week.

Purchase applications have increased over the past month, and are now at their highest level since last October when many homebuyers were rushing to get loans closed before the expected expiration of the homebuyer tax credit. We may be seeing a similar pattern now, as the extended version of the tax credit ends next month.

The Refinance Index decreased 1.3 percent from the previous week and the seasonally adjusted Purchase Index increased 6.8 percent from one week earlier. This is the highest Purchase Index since the week ending October 30, 2009. The unadjusted Purchase Index also increased 6.8 percent compared with the previous week and was 9.3 percent lower than the same week one year ago. While both conventional and government purchase indexes saw increases this week, the government purchase index and the government share of purchase applications are at their highest levels since October 2009. The government share of purchase applications is currently 47.2 percent.

The four week moving average for the seasonally adjusted Market Index is up 2.2 percent. The four week moving average is up 5.4 percent for the seasonally adjusted Purchase Index, while this average is up 0.9 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 63.2 percent of total applications from 65.0 percent the previous week. This is the lowest refinance share recorded in the survey since the week ending October 23, 2009. The adjustable-rate mortgage (ARM) share of activity increased to 5.2 percent from 4.8 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 5.04 percent from 5.01 percent, with points increasing to 1.07 from 0.76 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective 30-year rate also increased from last week. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.34 percent from 4.33 percent, with points increasing to 0.98 from 0.77 (including the origination fee) for 80 percent LTV loans. The effective 15-year rate also slightly increased from last week. The average contract interest rate for one-year ARMs increased to 6.88 percent from 6.75 percent, with points decreasing to 0.31 from 0.32 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 19, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 3.9 percent compared with the previous week.

The Refinance Index decreased 7.1 percent from the previous week and the seasonally adjusted Purchase Index increased 2.7 percent from one week earlier. The unadjusted Purchase Index increased 2.8 percent compared with the previous week and was 15.0 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 1.9 percent. The four week moving average is up 3.6 percent for the seasonally adjusted Purchase Index, while this average is up 1.2 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 65.0 percent of total applications from 67.3 percent the previous week. This is the lowest refinance share observed in the survey since the week ending October 30, 2009. The adjustable-rate mortgage (ARM) share of activity increased to 4.8 percent from 4.6 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 5.01 percent from 4.91 percent, with points decreasing to 0.76 from 1.30 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The effective rate was essentially unchanged from last week due to the significant decrease in points. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.33 percent from 4.24 percent, with points decreasing to 0.77 from 1.47 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week due to the significant decrease in points. The average contract interest rate for one-year ARMs remained unchanged at 6.75 percent, with points increasing to 0.32 from 0.30 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 12, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 1.7 percent compared with the previous week.

The Refinance Index decreased 1.7 percent from the previous week and the seasonally adjusted Purchase Index decreased 2.3 percent from one week earlier. The unadjusted Purchase Index decreased 1.8 percent compared with the previous week and was 13.9 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 0.8 percent. The four week moving average is up 1.1 percent for the seasonally adjusted Purchase Index, while this average is up 0.8 percent for the Refinance Index.

The refinance share of mortgage activity increased to 67.3 percent of total applications from 67.2 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 4.6 percent from 5.1 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.91 percent from 5.01 percent, with points increasing to 1.30 from 0.82 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. This is the lowest 30-year fixed-rate observed in the survey since mid-December of 2009, yet the effective rate was unchanged from last week due to the significant increase in points. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.24 percent from 4.32 percent, with points increasing to 1.47 from 0.88 (including the origination fee) for 80 percent LTV loans. This is the second time in the last three weeks that the contract 15-year fixed-rate has reached a record low in the survey. However, the increase in points led to an increase in the effective rate from last week. The average contract interest rate for one-year ARMs decreased to 6.75 percent from 6.80 percent, with points remaining unchanged at 0.30 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 5, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 0.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 1.2 percent compared with the previous week.

The Refinance Index decreased 1.5 percent the previous week and the seasonally adjusted Purchase Index increased 5.7 percent from one week earlier. The unadjusted Purchase Index increased 7.2 percent compared with the previous week and was 10.7 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 0.8 percent. The four week moving average is up 0.7 percent for the seasonally adjusted Purchase Index, while this average is up 1.0 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 67.2 percent of total applications from 69.1 percent the previous week. The refinance share is at its lowest level since it was 66.1 percent in October 2009. The adjustable-rate mortgage (ARM) share of activity increased to 5.1 percent from 4.8 percent of total applications from the previous week. This is the highest ARM share since November 2009 when it was 5.3 percent.

The average contract interest rate for 30-year fixed-rate mortgages increased to 5.01 percent from 4.95 percent, with points decreasing to 0.82 from 0.99 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.32 percent from 4.27 percent, with points decreasing to 0.88 from 1.36 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs increased to 6.80 percent from 6.77 percent, with points increasing to 0.3 from 0.29 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 26, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 14.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 15.5 percent compared with the previous week.

“Mortgage applications rebounded last week, particularly refis, as rates dropped back below 5 percent,” said Michael Fratantoni, MBA’s Vice President of Research and Economics. “Purchase activity remains subdued, with application volumes remaining within the narrow range seen in the last few months.”

The Refinance Index increased 17.2 percent from the previous week and the seasonally adjusted Purchase Index increased 9.0 percent from one week earlier. The unadjusted Purchase Index increased 11.7 percent compared with the previous week and was 9.8 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 0.4 percent. The four week moving average is down 2.7 percent for the seasonally adjusted Purchase Index, while this average is up 1.8 percent for the Refinance Index.

The refinance share of mortgage activity increased to 69.1 percent of total applications from 68.1 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 4.8 percent from 4.7 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.95 percent from 5.03 percent, with points decreasing to 0.99 from 1.34 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.27 percent from 4.35 percent, with points increasing to 1.36 from 1.31 (including the origination fee) for 80 percent LTV loans. This is the lowest 15-year fixed-rate observed in the survey since the week ending November 27, 2009. The average contract interest rate for one-year ARMs decreased to 6.77 percent from 6.80 percent, with points decreasing to 0.29 from 0.33 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 19, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 8.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 7.3 percent compared with the previous week.

“As many East Coast markets were digging out from the blizzard last week, purchase applications fell, another indication that housing demand remains relatively weak,” said Michael Fratantoni, MBA's Vice President of Research and Economics. “With home prices continuing to drift amid an abundant inventory of homes on the market, potential homebuyers do not see any urgency to lock in purchases.”

The Refinance Index decreased 8.9 percent from the previous week. The seasonally adjusted Purchase Index decreased 7.3 percent from one week earlier, putting the index at its lowest level since May 1997. The unadjusted Purchase Index decreased 3.6 percent compared with the previous week and was 13.4 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 1.6 percent. The four week moving average is down 2.1 percent for the seasonally adjusted Purchase Index, while this average is up 3.2 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 68.1 percent of total applications from 69.3 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 4.7 percent from 4.4 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 5.03 percent from 4.94 percent, with points increasing to 1.34 from 1.09 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.35 percent from 4.33 percent, with points increasing to 1.31 from 1.02 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs increased to 6.80 percent from 6.67 percent, with points increasing to 0.33 from 0.32 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 12, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 0.5 percent compared with the previous week.

The Refinance Index decreased 1.2 percent from the previous week and the seasonally adjusted Purchase Index decreased 4.0 percent from one week earlier. The unadjusted Purchase Index increased 1.0 percent compared with the previous week and was 18.4 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 1.1 percent. The four week moving average is down 1.2 percent for the seasonally adjusted Purchase Index, while this average is up 1.8 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 69.3 percent of total applications from 69.7 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 4.4 percent from 4.5 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages remained unchanged at 4.94 percent, with points increasing to 1.09 from 1.06 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages remained unchanged at 4.33 percent, with points increasing to 1.02 from 0.95 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs decreased to 6.67 percent from 6.68 percent, with points decreasing to 0.32 from 0.35 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 5, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 0.6 percent compared with the previous week.

The Refinance Index increased 1.4 percent from the previous week and the seasonally adjusted Purchase Index decreased 7.0 percent from one week earlier. The unadjusted Purchase Index decreased 1.1 percent compared with the previous week and was 7.5 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 3.8 percent. The four week moving average is up 0.8 percent for the seasonally adjusted Purchase Index, while this average is up 4.8 percent for the Refinance Index.

The refinance share of mortgage activity increased to 69.7 percent of total applications from 69.2 percent the previous week. The adjustable-rate mortgage (ARM) share of activity remained unchanged at 4.5 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.94 percent from 5.01 percent, with points increasing to 1.06 from 1.04 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages remained unchanged at 4.33 percent, with points decreasing to 0.95 from 1.17 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs decreased to 6.68 percent from 6.70 percent, with points increasing to 0.35 from 0.34 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 22, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 10.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 10.1 percent compared with the previous week and decreased 19.8 percent compared with the same week one year earlier.

“Refinance activity fell substantially last week,” said Michael Fratantoni, MBA’s Vice President of Research and Economics. “Although rates remain low, there appears to be a smaller pool of borrowers who are willing and able to refinance at today’s rates.”

The Refinance Index decreased 15.1 percent from the previous week and the seasonally adjusted Purchase Index decreased 3.3 percent from one week earlier. The unadjusted Purchase Index increased 2.8 percent compared with the previous week and was 4.5 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 2.6 percent. The four week moving average is up 1.3 percent for the seasonally adjusted Purchase Index, while this average is up 2.8 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 67.6 percent of total applications from 71.7 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 4.7 percent from 4.1 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 5.02 percent from 5.00 percent, with points decreasing to 1 from 1.05 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.34 percent from 4.33 percent, with points decreasing to 1.14 from 1.19 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs increased to 6.84 percent from 6.72 percent, with points increasing to 0.33 from 0.31 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 22, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 10.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 10.1 percent compared with the previous week and decreased 19.8 percent compared with the same week one year earlier.

Refinance activity fell substantially last week. Although rates remain low, there appears to be a smaller pool of borrowers who are willing and able to refinance at today’s rates.

The Refinance Index decreased 15.1 percent from the previous week and the seasonally adjusted Purchase Index decreased 3.3 percent from one week earlier. The unadjusted Purchase Index increased 2.8 percent compared with the previous week and was 4.5 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 2.6 percent. The four week moving average is up 1.3 percent for the seasonally adjusted Purchase Index, while this average is up 2.8 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 67.6 percent of total applications from 71.7 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 4.7 percent from 4.1 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 5.02 percent from 5.00 percent, with points decreasing to 1 from 1.05 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.34 percent from 4.33 percent, with points decreasing to 1.14 from 1.19 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs increased to 6.84 percent from 6.72 percent, with points increasing to 0.33 from 0.31 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 15, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 9.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 10.4 percent compared with the previous week and decreased 52.3 percent compared with the same week one year earlier.

The Refinance Index increased 10.7 percent from the previous week and the seasonally adjusted Purchase Index increased 4.4 percent from one week earlier. The unadjusted Purchase Index increased 9.8 compared with the previous week and was 19.1 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is down 1.0 percent. The four week moving average is up 1.1 percent for the seasonally adjusted Purchase Index, while this average is down 2.4 percent for the Refinance Index.

The refinance share of mortgage activity increased to 71.7 percent of total applications from 71.5 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 4.1 percent from 4.0 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 5.00 percent from 5.13 percent, with points decreasing to 1.05 from 1.17 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.33 percent from 4.45 percent, with points increasing to 1.19 from 1.04 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs decreased to 6.72 percent from 6.83 percent, with points remaining unchanged at 0.31 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 8, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 14.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 66.0 percent compared with the previous week, which was a shortened week due to the New Year’s holiday.

The Refinance Index increased 21.8 percent from last week’s holiday adjusted index and increased 73.9 percent from last week’s unadjusted index. The seasonally adjusted Purchase Index increased 0.8 percent from one week earlier. The unadjusted Purchase Index increased 48.8 percent compared with the previous week and was 24.9 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is down 6.4 percent. The four week moving average is down 3.2 percent for the seasonally adjusted Purchase Index, while this average is down 8.0 percent for the Refinance Index.

The refinance share of mortgage activity increased to 71.5 percent of total applications from 68.2 percent the previous week. The adjustable-rate mortgage (ARM) share of activity was unchanged at 4.0 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 5.13 percent from 5.18 percent, with points decreasing to 1.17 from 1.28 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.45 percent from 4.62 percent, with points increasing to 1.04 from 0.98 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs increased to 6.83 percent from 6.42 percent, with points decreasing to 0.31 from 0.50 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the weeks ending December 25, 2009 and January 1, 2010. For the week ending December 25, 2009, the Market Composite Index, a measure of mortgage loan application volume, decreased 22.8 percent on a seasonally adjusted basis from the prior week. For the week ending January 1, 2010, this index increased 0.5 percent on a seasonally adjusted basis. Both weeks’ results include an adjustment to account for the Christmas and New Year’s Day holidays. On an unadjusted basis, the Index decreased 46.9 percent the week before Christmas and increased 0.4 percent the week after.

For the week ending December 25, 2009, the Refinance Index decreased 30.5 percent from the previous week and the seasonally adjusted Purchase Index decreased 4.0 percent from one week earlier. The following week, the Refinance Index decreased 1.6 percent and the seasonally adjusted Purchase Index increased 3.6 percent. The unadjusted Purchase Index decreased 33.1 percent the week of Christmas and increased 5.0 percent the week following. This measure was 26.2 percent and 28.2 percent lower, respectively, than the same period a year ago.

The refinance share of mortgage activity for the week ending January 1, 2010 is 68.2 percent, a decrease from 69.6 percent for the week ending December 25, 2009.

For the week ending December 25, 2009, the average contract interest rate for 30-year fixed-rate mortgages increased to 5.08 percent from 4.92 percent, with points increasing to 1.48 from 1.23 (including the origination fee) for 80 percent loan-to-value (LTV) loans. For the week ending January 1, 2010, the average contract interest rate for 30-year fixed-rate mortgages increased to 5.18 percent with points decreasing to 1.28. For the week ending December 25, 2009, the average contract interest rate for 15-year fixed-rate mortgages increased to 4.57 percent from 4.34 percent, with points decreasing to 0.91 from 1.03 (including the origination fee) for 80 percent LTV loans. For the week ending January 1, 2010, the average contract interest rate for 15-year fixed-rate mortgages increased to 4.62 percent, with points increasing to 0.98.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 18, 2009. The Market Composite Index, a measure of mortgage loan application volume decreased 10.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 10.9 percent compared with the previous week.

The Refinance Index decreased 10.1 percent from the previous week and the seasonally adjusted Purchase Index decreased 11.6 percent from one week earlier. The unadjusted Purchase Index decreased 13.4 percent compared with the previous week and was 32.7 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is down 0.2 percent. The four week moving average is down 1.0 percent for the seasonally adjusted Purchase Index, while this average is up 0.6 percent for the Refinance Index.

The refinance share of mortgage activity increased to 75.9 percent of total applications from 75.2 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 3.8 percent from 4.1 percent of total applications the previous week.

The average contract interest rate for 30-year fixed-rate mortgages remained flat at 4.92 percent, with points increasing to 1.23 from 1.08 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.34 percent from 4.33 percent, with points increasing to 1.03 from 0.91 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs remained flat at 6.52 percent, with points remaining unchanged at 0.39 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 11, 2009. The Market Composite Index, a measure of mortgage loan application volume increased 0.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 0.3 percent compared with the previous week.

The Refinance Index increased 0.9 percent from the previous week and the seasonally adjusted Purchase Index decreased 0.1 percent from one week earlier. The unadjusted Purchase Index decreased 3.6 percent compared with the previous week and was 15.4 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 1.5 percent. The four week moving average is up 4.2 percent for the seasonally adjusted Purchase Index, while this average is up 0.8 percent for the Refinance Index.

The refinance share of mortgage activity increased to 75.2 percent of total applications from 74.4 percent the previous week. This is the highest refinance share observed in the survey since the week ending April 24, 2009. The adjustable-rate mortgage (ARM) share of activity decreased to 4.1 percent from 4.7 percent of total applications from the previous week, which is the lowest share since mid-June 2009.

The average contract interest rate for 30-year fixed-rate mortgages increased to 4.92 percent from 4.88 percent, with points decreasing to 1.08 from 1.17 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages remained flat at 4.33 percent, with points decreasing to 0.91 from 1.02 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs decreased to 6.52 percent from 6.55 percent, with points increasing to 0.39 from 0.38 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 4, 2009. The Market Composite Index, a measure of mortgage loan application volume, increased 8.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 54.0 percent compared with the previous week, which was a shortened week due to the Thanksgiving holiday.

The Refinance Index increased 11.1 percent from the previous week and the seasonally adjusted Purchase Index increased 4.0 percent from one week earlier. The unadjusted Purchase Index increased 41.7 percent compared with the previous week and was 18.8 percent lower than the same week one year ago. The increase in purchase applications reflected a 10.0 percent increase in Government Purchase applications and a 0.2 percent decrease in Conventional Purchase applications, both on a seasonally adjusted basis.

The four week moving average for the seasonally adjusted Market Index is up 1.5 percent. The four week moving average is up 2.3 percent for the seasonally adjusted Purchase Index, while this average is up 1.6 percent for the Refinance Index.

The refinance share of mortgage activity increased to 74.4 percent of total applications from 72.1 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 4.7 percent from 4.8 percent of total applications the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 4.88 percent from 4.79 percent, with points increasing to 1.17 from 1.00 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. This ends a six week run of declining 30-year fixed rates which may have triggered the increase in refinance applications. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.33 percent from 4.27 percent, with points decreasing to 1.02 from 1.33 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs decreased to 6.55 percent from 6.56 percent, with points increasing to 0.38 from 0.34 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 27, 2009, which was a shortened week due to the Thanksgiving holiday. The Market Composite Index, a measure of mortgage loan application volume, increased 2.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 29.3 percent compared with the previous week.

The Refinance Index increased 1.7 percent from the previous week and the seasonally adjusted Purchase Index increased 4.1 percent from one week earlier. These results include an adjustment to account for the Thanksgiving holiday. The unadjusted Purchase Index decreased 30.4 percent compared with the previous week and was 34.9 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 0.2 percent. The four week moving average is down 2.0 percent for the seasonally adjusted Purchase Index, while this average is up 1.5 percent for the Refinance Index.

The refinance share of mortgage activity increased to 72.1 percent of total applications from 71.7 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 4.8 percent from 5.3 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.79 percent from 4.82 percent, with points decreasing to 1.00 from 1.19 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. This is the lowest 30-year fixed-rate observed in the survey since the week ending May 15, 2009. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.27 percent from 4.32 percent, with points increasing to 1.33 from 1.05 (including the origination fee) for 80 percent LTV loans. This is the lowest 15-year fixed-rate ever recorded in the survey, with the previous low being 4.32 percent recorded the previous two weeks and in October 2009. The average contract interest rate for one-year ARMs decreased to 6.56 percent from 6.66 percent, with points increasing to 0.34 from 0.33 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 20, 2009. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 5.8 percent compared with the previous week.

The Refinance Index decreased 9.5 percent from the previous week and the seasonally adjusted Purchase Index increased 9.6 percent from one week earlier. The unadjusted Purchase Index increased 4.9 percent compared with the previous week and was 13.7 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 0.5 percent. The four week moving average is down 6.4 percent for the seasonally adjusted Purchase Index, while this average is up 4.0 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 71.7 percent of total applications from 74.6 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 5.3 percent from 5.1 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.82 percent from 4.83 percent, with points increasing to 1.19 from 1.18 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages remained flat at 4.32 percent, with points increasing to 1.05 from 1.01 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs decreased to 6.66 percent from 6.85 percent, with points increasing to 0.33 from 0.29 (including the origination fee) for 80 percent LTV loans.

The survey results released last week for the week ending November 13, 2009 were revised and the changes reported in this week’s results reflect that revision. One participant revised its data submission to show higher application volume, as well as a reclassification of some loans from purchase to refinance. As a result, the revised purchase application number is slightly lower than what was reported and the revised refinance number modestly higher.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 13, 2009. The Market Composite Index, a measure of mortgage loan application volume decreased 2.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 3.3 percent compared with the previous week.

The Refinance Index decreased 1.4 percent from the previous week and the seasonally adjusted Purchase Index decreased 4.7 percent from one week earlier. The seasonally adjusted Purchase Index has declined for six consecutive weeks and is at its lowest level since November 1997. The unadjusted Purchase Index decreased 7.9 percent compared with the previous week and was 14.7 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is down 1.2 percent. The four week moving average is down 5.8 percent for the seasonally adjusted Purchase Index, while this average is up 1.4 percent for the Refinance Index.

The refinance share of mortgage activity increased to 72.9 percent of total applications from 71.5 percent the previous week. This refinance share is the highest share since the week ending May 15, 2009. The adjustable-rate mortgage (ARM) share of activity decreased to 5.4 percent from 5.5 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.83 percent from 4.90 percent, with points increasing to 1.17 from 1.03 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. This is the lowest contract rate observed by the survey since mid-May of this year. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.32 percent from 4.33 percent, with points decreasing to 1.01 from 1.15 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs decreased to 6.82 percent from 6.85 percent, with points decreasing to 0.28 from 0.29 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 30, 2009. The Market Composite Index, a measure of mortgage loan application volume, increased 8.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 7.9 percent compared with the previous week.

The Refinance Index increased 14.5 percent from the previous week and the seasonally adjusted Purchase Index decreased 1.8 percent from one week earlier. The unadjusted Purchase Index decreased 3.0 percent compared with the previous week and was 3.4 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is down 5.5 percent. The four week moving average is down 5.0 percent for the seasonally adjusted Purchase Index, while this average is down 5.7 percent for the Refinance Index.

The refinance share of mortgage activity increased to 66.1 percent of total applications from 62.3 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 6.1 percent from 6.9 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.97 percent from 5.04 percent, with points decreasing to 1.01 from 1.25 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.33 percent from 4.53 percent, with points increasing to 1.33 from 0.78 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs increased to 6.83 percent from 6.79 percent, with points increasing to 0.31 from 0.29 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 23, 2009. The Market Composite Index, a measure of mortgage loan application volume, decreased 12.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 2.8 percent compared with the previous week, which included the Columbus Day holiday.

The Refinance Index decreased 16.2 percent from the previous week and the seasonally adjusted Purchase Index decreased 5.2 percent from one week earlier. The unadjusted Purchase Index increased 4.8 percent compared with the previous week, which was a holiday shortened week, and was 15.4 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is down 3.1 percent. The four week moving average is down 1.4 percent for the seasonally adjusted Purchase Index, while this average is down 4.1 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 62.3 percent of total applications from 65.0 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 6.9 percent from 6.4 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 5.04 percent from 5.07 percent, with points increasing to 1.25 from 1.13 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.53 percent from 4.51 percent, with points decreasing to 0.78 from 0.96 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs decreased to 6.79 percent from 6.86 percent, with points decreasing to 0.29 from 0.31 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 16, 2009. This week’s results include an adjustment to account for the Columbus Day holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 13.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 22.4 percent compared with the previous week.

The Refinance Index, also adjusted for the holiday, decreased 16.8 percent from the previous week and the seasonally adjusted Purchase Index decreased 7.6 percent from one week earlier. The unadjusted Purchase Index decreased 16.7 percent compared with the previous week and was 3.4 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is down 1.0 percent. The four week moving average is down 1.7 percent for the seasonally adjusted Purchase Index, while this average is down 0.6 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 65.0 percent of total applications from 67.4 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 6.4 percent from 6.2 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 5.07 percent from 5.02 percent, with points increasing to 1.13 from 1.11 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.51 percent from 4.44 percent, with points decreasing to 0.96 from 1.04 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs increased to 6.86 percent from 6.71 percent, with points decreasing to 0.31 from 0.32 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 9, 2009. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 1.7 percent compared with the previous week.

The Refinance Index decreased 0.1 percent from the previous week and the seasonally adjusted Purchase Index decreased 5.0 percent from one week earlier. The unadjusted Purchase Index decreased 4.8 percent compared with the previous week and was 6.8 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is up 5.6 percent. The four week moving average is up 1.6 percent for the seasonally adjusted Purchase Index, while this average is up 8.0 percent for the Refinance Index.

The refinance share of mortgage activity increased to 67.4 percent of total applications from 66.3 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 6.2 percent from 6.1 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 5.02 percent from 4.89 percent, with points decreasing to 1.11 from 1.13 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.44 percent from 4.32 percent, with points remaining unchanged at 1.04 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs increased to 6.71 percent from 6.56 percent, with points increasing to 0.32 from 0.30 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 2, 2009. The Market Composite Index, a measure of mortgage loan application volume, increased 16.4 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index also increased 16.4 percent compared with the previous week.

The Refinance Index increased 18.2 percent from the previous week, following the third consecutive week where the 30-year fixed mortgage rate was below 5 percent, and is at its highest level since mid-May. The seasonally adjusted Purchase Index increased 13.2 percent from one week earlier, which puts the index at its highest level since January. The unadjusted Purchase Index increased 12.9 percent compared with the previous week and was 2.2 percent lower than the same period one year ago. Additionally, the seasonally adjusted Government Purchase index is at a record level in the survey after a 14.4 percent increase from the week before.

The four week moving average for the seasonally adjusted Market Index is up 4.2 percent. The four week moving average is up 0.2 percent for the seasonally adjusted Purchase Index, while this average is up 6.7 percent for the Refinance Index.

The refinance share of mortgage activity increased to 66.3 percent of total applications from 65.3 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 6.1 percent from 6.2 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.89 percent from 4.94 percent, with points increasing to 1.13 from 0.94 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. This rate is at its lowest level since May 2009 when it was 4.81 percent. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.32 percent from 4.34 percent, with points increasing to 1.04 from 1.01 (including the origination fee) for 80 percent LTV loans. This is the lowest 15-year fixed-rate ever recorded in the survey. The average contract interest rate for one-year ARMs increased to 6.56 percent from 6.40 percent, with points increasing to 0.30 from 0.29 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending September 25, 2009. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 3.1 percent compared with the previous week and 44.3 percent compared with the same week one year earlier.

The Refinance Index decreased 0.8 percent from the previous week and the seasonally adjusted Purchase Index decreased 6.2 percent from one week earlier. The unadjusted Purchase Index decreased 6.9 percent compared with the previous week and was 10.6 percent lower than the same period one year ago.

The four week moving average for the seasonally adjusted Market Index is up 3.9 percent. The four week moving average is down 0.6 percent for the seasonally adjusted Purchase Index, while this average is up 6.8 percent for the Refinance Index.

The refinance share of mortgage activity increased to 65.3 percent of total applications from 63.8 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 6.2 percent from 6.7 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.94 percent from 4.97 percent, with points decreasing to 0.94 from 1.12 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.34 percent from 4.41 percent, with points decreasing to 1.01 from 1.05 (including the origination fee) for 80 percent LTV loans. This is the lowest 15-year fixed-rate ever recorded in the survey. The average contract interest rate for one-year ARMs decreased to 6.40 percent from 6.52 percent, with points increasing to 0.29 from 0.28 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending September 18, 2009. The Market Composite Index, a measure of mortgage loan application volume, increased 12.8 percent on a seasonally adjusted basis from one week earlier, which was a holiday shortened week. On an unadjusted basis, the Index increased 24.6 percent compared with the previous week and 14.0 percent compared with the same week one year earlier.

The Refinance Index increased 17.4 percent from the previous week as, for the first time since mid-May, the 30-year fixed rate dipped below 5 percent. The seasonally adjusted Purchase Index increased 5.6 percent from one week earlier, driven by applications for government-insured loans. The Government Purchase Index is at the highest level ever recorded in the survey and the share of purchase applications that were government-insured was 45.7 percent, the highest share since November 1990.

The four week moving average for the seasonally adjusted Market Index is up 4.3 percent. The four week moving average is up 0.7 percent for the seasonally adjusted Purchase Index, while this average is up 6.8 percent for the Refinance Index.

The refinance share of mortgage activity increased to 63.8 percent of total applications from 61.0 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 6.7 percent from 6.0 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.97 percent from 5.08 percent, with points increasing to 1.12 from 0.98 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages remained unchanged at 4.41 percent, with points decreasing to 1.05 from 1.12 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs decreased to 6.52 percent from 6.61 percent, with points increasing to 0.28 from 0.20 (including the origination fee) for 80 percent LTV loans

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending September 11, 2009. This week’s results include an adjustment to account for the Labor Day holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 8.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 18.3 percent compared with the previous week and decreased 18.7 percent compared with the same week one year earlier.

The Refinance Index, also adjusted for the holiday, decreased 7.4 percent from the previous week and the seasonally adjusted Purchase Index decreased 10.3 percent to from one week earlier.

The four week moving average for the seasonally adjusted Market Index is up 2.9 percent. The four week moving average is down 0.4 percent for the seasonally adjusted Purchase Index, while this average is up 5.2 percent for the Refinance Index.

The refinance share of mortgage activity increased to 61.0 percent of total applications from 59.8 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 6.0 percent from 5.8 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 5.08 percent from 5.02 percent, with points decreasing to 0.98 from 1.23 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.41 percent from 4.45 percent, with points decreasing to 1.12 from 1.13 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs decreased to 6.61 percent from 6.69 percent, with points increasing to 0.20 from 0.19 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending September 4, 2009. The Market Composite Index, a measure of mortgage loan application volume, increased 17.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 15.8 percent compared with the previous week and 64.5 percent compared with the same week one year earlier.

The Refinance Index increased 22.5 percent from the previous week, the biggest jump since mid-March. The seasonally adjusted Purchase Index increased 9.5 percent from one week earlier. This was the largest gain since early April, putting the index at the highest level since the first week of January.

The four week moving average for the seasonally adjusted Market Index is up 7.0 percent. The four week moving average is up 3.3 percent for the seasonally adjusted Purchase Index, while this average is up 9.7 percent for the Refinance Index.

The refinance share of mortgage activity increased to 59.8 percent of total applications from 56.5 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 5.8 percent from 5.6 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 5.02 percent from 5.15 percent, with points increasing to 1.23 from 1.09 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.45 percent from 4.57 percent, with points increasing to 1.13 from 0.85 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs decreased to 6.69 percent from 6.71 percent, with points decreasing to 0.19 from 0.20 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 28, 2009. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 3.1 percent compared with the previous week and increased 22.7 percent compared with the same week one year earlier.

The Refinance Index decreased 3.1 percent from the previous week and the seasonally adjusted Purchase Index decreased 1.0 percent from a week ago.

The only segment of the survey that posted an increase in activity was the government Purchase Index, which rose 0.5 percent from the prior week on a seasonally adjusted basis -- the seventh consecutive weekly gain. For the month of August, the government-insured share of purchase applications was 40.4 percent, up from 38.3 percent in July and 31.7 percent in August 2008. The share was the highest since February 1991.

The four week moving average for the seasonally adjusted Market Index is up 1.7 percent, while the four week moving average also increased 1.2 percent for the seasonally adjusted Purchase Index and increased 2.1 percent for the Refinance Index.

The refinance share of mortgage activity remained unchanged this week at 56.5 percent. The adjustable-rate mortgage (ARM) share of activity decreased to 5.6 percent from 6.5 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 5.15 percent from 5.24 percent, with points increasing to 1.09 from 1.07 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.57 percent from 4.58 percent, with points decreasing to 0.85 from 1.18 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs decreased to 6.71 percent from 6.74 percent, with points increasing to 0.20 from 0.17 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 21, 2009. The Market Composite Index, a measure of mortgage loan application volume, increased 7.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 6.3 percent compared with the previous week and 34.1 percent compared with the same week one year earlier.

The Refinance Index increased 12.7 percent from the previous week, the third increase in the last four weeks. The seasonally adjusted Purchase Index increased 1.0 percent from one week earlier, solely boosted by increased demand for government loans. This marks the fourth consecutive weekly gain – the first time this has happened since March, when fixed mortgage rates first dropped and stayed below 5 percent.

The four week moving average for the seasonally adjusted Market Index is up 3.5 percent. The four week moving average is up 1.7 percent for the seasonally adjusted Purchase Index, while this average is up 4.8 percent for the Refinance Index.

The refinance share of mortgage activity increased to 56.5 percent of total applications from 53.3 percent the previous week. The adjustable-rate mortgage (ARM) share of activity remained unchanged from the previous week at 6.5 percent of total applications.

The average contract interest rate for 30-year fixed-rate mortgages increased to 5.24 percent from 5.15 percent, with points increasing to 1.07 from 0.98 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.58 percent from 4.52 percent, with points increasing to 1.18 from 0.93 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs increased to 6.74 percent from 6.66 percent, with points increasing to 0.17 from 0.07 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 14, 2009. The Market Composite Index, a measure of mortgage loan application volume, increased 5.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 4.8 percent compared with the previous week and increased 25.0 percent compared with the same week one year earlier.

The Refinance Index increased 6.9 percent following a 7.2 percent drop in the prior week. The seasonally adjusted Purchase Index increased 3.9 percent, the third consecutive weekly gain. The large swings in mortgage rates over the past month have resulted in see-saw like activity in the Refinance Index. By contrast, the purchase activity has not been deterred by interest rate volatility, and has continued to trend gradually upward.

The four week moving average for the seasonally adjusted Market Index is down 0.1 percent. The four week moving average is up 1.5 percent for the seasonally adjusted Purchase Index, while this average is down 1.4 percent for the Refinance Index.

The refinance share of mortgage activity increased to 53.3 percent of total applications from 52.3 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 6.5 percent from 5.8 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 5.15 percent from 5.38 percent, with points decreasing to 0.98 from 1.18 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.52 percent from 4.71 percent, with points decreasing to 0.93 from 1.20 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs decreased to 6.66 percent from 6.71 percent, with points decreasing to 0.07 from 0.08 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 7, 2009. The Market Composite Index, a measure of mortgage loan application volume decreased 3.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 3.7 percent compared with the previous week and increased 16.1 percent compared with the same week one year earlier.

The seasonally adjusted Purchase Index increased 1.1 percent – the third, albeit small, gain in the last four weeks. The Refinance Index decreased 7.2 percent, resulting from the increase in the average 30 year fixed mortgage rate and reversing the 7.2 percent increase in the prior week.

The four week moving average for the seasonally adjusted Market Index is down 0.7 percent. The four week moving average is down 2.0 percent for the Refinance Index. For the seasonally adjusted Purchase Index, this average is up 0.8 percent and is nearly eight percent above its recent low at the end of February. The behavior of the four week moving average of the Purchase Index is consistent with the view that home sales hit bottom earlier this year and are now in a gradual recovery.

The refinance share of mortgage activity decreased to 52.3 percent of total applications from 54.2 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 5.8 percent from 5.4 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 5.38 percent from 5.17 percent, with points increasing to 1.18 from 1.02 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.71 percent from 4.60 percent, with points increasing to 1.20 from 1.00 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs increased to 6.71 percent from 6.67 percent, with points decreasing to 0.08 from 0.09 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 31, 2009. The Market Composite Index, a measure of mortgage loan application volume, increased 4.4 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 4.1 percent compared with the previous week and 18.0 percent compared with the same week one year earlier.
The Refinance Index increased 7.2 percent from the previous week. The Index has climbed about 35 percent above its recent low at the end of June. The seasonally adjusted Purchase Index increased 0.9 percent from one week earlier. The index has experienced little change over the last three weeks, staying between 260 and 265.

The four week moving average for the seasonally adjusted Market Index is up 1.2 percent. The four week moving average is down 2.0 percent for the seasonally adjusted Purchase Index, while this average is up 3.8 percent for the Refinance Index.

The refinance share of mortgage activity increased to 54.2 percent of total applications from 52.6 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 5.4 percent from 5.5 percent of total applications the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 5.17 percent from 5.36 percent, with points increasing to 1.02 from 0.93 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.60 percent from 4.75 percent, with points decreasing to 1.00 from 1.14 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs increased to 6.67 percent from 6.66 percent, with points remaining unchanged at 0.09 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 17, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 528.9, an increase of 2.8 percent on a seasonally adjusted basis from 514.4 one week earlier. On an unadjusted basis, the Index increased 2.9 percent compared with the previous week and increased 6.6 percent compared with the same week one year earlier.

The Refinance Index increased 4.0 percent to 2089.7 from 2009.4 the previous week and the seasonally adjusted Purchase Index increased 1.3 percent to 262.1 from 258.8 one week earlier.

The four week moving average for the seasonally adjusted Market Index is down 1.0 percent. The four week moving average is down 1.7 percent for the Purchase Index, while this average is down 0.4 percent for the Refinance Index.

The refinance share of mortgage activity increased to 55.5 percent of total applications from 54.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 4.8 percent from 5.0 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 5.31 percent from 5.05 percent, with points increasing to 1.18 from 1.12 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.80 percent from 4.59 percent, with points decreasing to 1.03 from 1.07 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs increased to 6.50 percent from 6.47 percent, with points remaining unchanged at 0.11 (including the origination fee) for 80 percent LTV loans

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 17, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 528.9, an increase of 2.8 percent on a seasonally adjusted basis from 514.4 one week earlier. On an unadjusted basis, the Index increased 2.9 percent compared with the previous week and increased 6.6 percent compared with the same week one year earlier.

The Refinance Index increased 4.0 percent to 2089.7 from 2009.4 the previous week and the seasonally adjusted Purchase Index increased 1.3 percent to 262.1 from 258.8 one week earlier.

The four week moving average for the seasonally adjusted Market Index is down 1.0 percent. The four week moving average is down 1.7 percent for the Purchase Index, while this average is down 0.4 percent for the Refinance Index.

The refinance share of mortgage activity increased to 55.5 percent of total applications from 54.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 4.8 percent from 5.0 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages increased to 5.31 percent from 5.05 percent, with points increasing to 1.18 from 1.12 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.80 percent from 4.59 percent, with points decreasing to 1.03 from 1.07 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs increased to 6.50 percent from 6.47 percent, with points remaining unchanged at 0.11 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 10, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 514.4, an increase of 4.3 percent on a seasonally adjusted basis from 493.1 one week earlier. On an unadjusted basis, the Index increased 15.3 percent compared with the previous week and decreased 2.7 percent compared with the same week one year earlier.

The Refinance Index increased 17.7 percent to 2009.4 from 1707.7 the previous week and the seasonally adjusted Purchase Index decreased 9.4 percent to 258.8 from 285.6 one week earlier.

The four week moving average for the seasonally adjusted Market Index remained unchanged this week. The four week moving average is down 0.2 percent for the seasonally adjusted Purchase Index, while this average is up 0.2 percent for the Refinance Index.

The refinance share of mortgage activity increased to 54.9 percent of total applications from 48.4 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 5.0 percent from 4.4 percent of total applications from the previous week.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 5.05 percent from 5.34 percent, with points decreasing to 1.12 from 1.13 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.59 percent from 4.83 percent, with points increasing to 1.07 from 1.06 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs decreased to 6.47 percent from 6.58 percent, with points decreasing to 0.11 from 0.14 (including the origination fee) for 80 percent LTV loans.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 3, 2009, which was a shortened week due to the Independence Day holiday. This week’s results include an adjustment to account for the holiday. The Market Composite Index, a measure of mortgage loan application volume, was 493.1, an increase of 10.9 percent on a seasonally adjusted basis from 444.8 one week earlier. On an unadjusted basis, the Index decreased 0.5 percent compared with the previous week and increased 7.2 percent compared with the same week one year earlier.

The Refinance Index increased 15.2 percent to 1707.7 from 1482.2 the previous week and the seasonally adjusted Purchase Index increased 6.7 percent to 285.6 from 267.7 one week earlier.

The four week moving average for the seasonally adjusted Market Index is down 5.6 percent. The four week moving average is up 1.4 percent for the seasonally adjusted Purchase Index, while this average is down 10.9 percent for the Refinance Index.

The refinance share of mortgage activity increased to 48.4 percent of total applications from 46.4 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 4.4 percent from 4.3 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 26, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 444.8, a decrease of 18.9 percent on a seasonally adjusted basis from 548.2 one week earlier. On an unadjusted basis, the Index decreased 18.5 percent compared with the previous week and decreased 7.4 percent compared with the same week one year earlier.

The Refinance Index decreased 30.0 percent to 1482.2 from 2116.3 the previous week and the seasonally adjusted Purchase Index decreased 4.5 percent to 267.7 from 280.3 one week earlier. The Refinance Index is at its lowest level since November 2008.

The four week moving average for the seasonally adjusted Market Index is down 9.2 percent. The four week moving average is unchanged for the seasonally adjusted Purchase Index, while this average is down 15.2 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 46.4 percent of total applications from 54.0 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 4.3 percent from 4.1 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 19, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 548.2, an increase of 6.6 percent on a seasonally adjusted basis from 514.4 one week earlier. On an unadjusted basis, the Index increased 6.0 percent compared with the previous week and increased 17.2 percent compared with the same week one year earlier.

The Refinance Index increased 5.9 percent to 2116.3 from 1998.1 the previous week and the seasonally adjusted Purchase Index increased 7.3 percent to 280.3 from 261.2 one week earlier.

The four week moving average for the seasonally adjusted Market Index is down 9.3 percent. The four week moving average is up 2.2 percent for the seasonally adjusted Purchase Index, while this average is down 15.5 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 54.0 percent of total applications from 54.1 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 4.1 percent from 4.3 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 12, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 514.4, a decrease of 15.8 percent on a seasonally adjusted basis from 611.0 one week earlier. On an unadjusted basis, the Index decreased 15.8 percent compared with the previous week and increased 0.3 percent compared with the same week one year earlier.

The Refinance Index decreased 23.3 percent to 1998.1 from 2605.7 the previous week and the seasonally adjusted Purchase Index decreased 3.5 percent to 261.2 from 270.7 one week earlier.

The four week moving average for the seasonally adjusted Market Index is down 13.5 percent. The four week moving average is up 0.7 percent for the seasonally adjusted Purchase Index, while this average is down 19.6 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 54.1 percent of total applications from 59.4 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 4.3 percent from 3.4 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 5, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 611.0, a decrease of 7.2 percent on a seasonally adjusted basis from 658.7 one week earlier. On an unadjusted basis, the Index increased 15.7 percent compared with the previous week and increased 7.6 percent compared with the same week one year earlier.

The Refinance Index decreased 11.8 percent to 2605.7 from 2953.6 the previous week and the seasonally adjusted Purchase Index increased 1.1 percent to 270.7 from 267.7 one week earlier.

The four week moving average for the seasonally adjusted Market Index is down 8.7 percent. The four week moving average is up 0.5 percent for the Purchase Index, while this average is down 12.2 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 59.4 percent of total applications from 62.4 percent the previous week. This is the lowest the refinance share has been since November 2008. The adjustable-rate mortgage (ARM) share of activity increased to 3.4 percent from 3.0 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 29, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 658.7, a decrease of 16.2 percent on a seasonally adjusted basis from 786.0 one week earlier. This week's results include an adjustment to account for the Memorial Day holiday. On an unadjusted basis, the Index decreased 32.5 percent compared with the previous week and increased 14.4 percent compared with the same week one year earlier.

The Refinance Index decreased 24.1 percent to 2953.6 from 3890.4 the previous week and the seasonally adjusted Purchase Index increased 4.3 percent to 267.7 from 256.6 one week earlier.

The four week moving average for the seasonally adjusted Market Index is down 9.0 percent. The four week moving average is up 0.3 percent for the seasonally adjusted Purchase Index, while this average is down 12.0 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 62.4 percent of total applications from 69.3 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 3.0 percent from 2.6 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 22, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 786.0, a decrease of 14.2 percent on a seasonally adjusted basis from 915.9 one week earlier. On an unadjusted basis, the Index decreased 13.8 percent compared with the previous week and increased 28.5 percent compared with the same week one year earlier.

The Refinance Index decreased 18.9 percent to 3890.4 from 4794.4 the previous week and the seasonally adjusted Purchase Index increased 1.0 percent to 256.6 from 254.0 one week earlier.

The four week moving average for the seasonally adjusted Market Index is down 4.7 percent. The four week moving average is up 0.5 percent for the Purchase Index, while this average is down 6.2 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 69.3 percent of total applications from 73.6 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 2.6 percent from 2.4 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 15, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 915.9, an increase of 2.3 percent on a seasonally adjusted basis from 895.6 one week earlier. On an unadjusted basis, the Index increased 2.0 percent compared with the previous week and increased 42.0 percent compared with the same week one year earlier.

The Refinance Index increased 4.5 percent to 4794.4 from 4588.6 the previous week and the seasonally adjusted Purchase Index decreased 4.4 percent to 254.0 from 265.7 one week earlier.

The four week moving average for the seasonally adjusted Market Index is down 6.4 percent. The four week moving average is up 0.1 percent for the seasonally adjusted Purchase Index, while this average is down 8.2 percent for the Refinance Index.

The refinance share of mortgage activity increased to 73.6 percent of total applications from 71.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 2.4 percent from 2.3 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 8, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 895.6, a decrease of 8.6 percent on a seasonally adjusted basis from 979.7 one week earlier. On an unadjusted basis, the Index decreased 8.1 percent compared with the previous week and increased 28.4 percent compared with the same week one year earlier.

Refinancing demand has trended down from its mid-April peak, while purchase mortgage demand has increased modestly in recent weeks, even after accounting for normal seasonal increases this time of the year. The Refinance Index decreased 11.2 percent to 4588.6 from 5169.3 the previous week and the seasonally adjusted Purchase Index increased 0.5 percent to 265.7 from 264.3 one week earlier.

The four week moving average for the seasonally adjusted Market Index is down 5.1 percent. The four week moving average is up 0.2 percent for the seasonally adjusted Purchase Index, while this average is down 6.5 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 71.9 percent of total applications from 74.4 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 2.3 percent from 2.1 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 1, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 979.7, an increase of 2.0 percent on a seasonally adjusted basis from 960.6 one week earlier. On an unadjusted basis, the Index increased 2.4 percent compared with the previous week and 43.7 percent compared with the same week one year earlier.

The Refinance Index increased 1.2 percent to 5169.3 from 5108.2 the previous week and the seasonally adjusted Purchase Index increased 5.0 percent to 264.3 from 251.6 one week earlier. The Conventional Purchase Index increased 5.5 percent while the Government Purchase Index (largely FHA) increased 4.4 percent.

The four week moving average for the seasonally adjusted Market Index is down 6.0 percent. The four week moving average is down 3.1 percent for the seasonally adjusted Purchase Index, while this average is down 6.7 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 74.4 percent of total applications from 75.3 percent the previous week. The adjustable-rate mortgage (ARM) share of activity remained unchanged at 2.1 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 24, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 960.6, a decrease of 18.1 percent on a seasonally adjusted basis from 1172.2 one week earlier. On an unadjusted basis, the Index decreased 17.4 percent compared with the previous week and increased 62.7 percent compared with the same week one year earlier.

The Refinance Index decreased 21.9 percent to 5108.2 from 6540.7 the previous week and the seasonally adjusted Purchase Index decreased 0.6 percent to 251.6 from 253.0 one week earlier. The Conventional Purchase Index decreased 1.4 percent while the Government Purchase Index (largely FHA) increased 0.8 percent.

The four week moving average for the seasonally adjusted Market Index is down 4.9 percent. The four week moving average is down 1.5 percent for the seasonally adjusted Purchase Index, while this average is down 5.7 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 75.3 percent of total applications from 79.7 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 2.1 percent from 1.4 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 17, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 1172.2, an increase of 5.3 percent on a seasonally adjusted basis from 1113.2 one week earlier. On an unadjusted basis, the Index increased 5.3 percent compared with the previous week and increased 76.9 percent compared with the same week one year earlier.

The Refinance Index increased 7.7 percent to 6540.7 from 6071.7 the previous week, while the seasonally adjusted Purchase Index decreased 4.2 percent to 253.0 from 264.1 one week earlier. The seasonally adjusted Conventional Purchase Index decreased 4.6 percent while the seasonally adjusted Government Purchase Index (largely FHA) decreased 3.6 percent.

The four week moving average for the seasonally adjusted Market Index is up 0.3 percent. The four week moving average is down 1.3 percent for the seasonally adjusted Purchase Index, while this average is up 0.7 percent for the Refinance Index.

The refinance share of mortgage activity increased to 79.7 percent of total applications from 77.8 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 1.4 percent from 1.5 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 10, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 1113.2, a decrease of 11.0 percent on a seasonally adjusted basis from 1250.6 one week earlier. On an unadjusted basis, the Index decreased 10.9 percent compared with the previous week and increased 45.6 percent compared with the same week one year earlier.

The Refinance Index decreased 10.9 percent to 6071.7 from 6813.5 the previous week and the seasonally adjusted Purchase Index decreased 11.3 percent to 264.1 from 297.7 one week earlier. The Conventional Purchase Index decreased 13.5 percent while the Government Purchase Index (largely FHA) decreased 7.7 percent.

The MBA does not provide a holiday adjustment for the Easter/Passover weekend, which may have contributed to this week’s decrease in application volume.

The four week moving average for the seasonally adjusted Market Index is up 5.3 percent. The four week moving average is up 0.6 percent for the seasonally adjusted Purchase Index, while this average is up 6.5 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 77.8 percent of total applications from 77.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity remained unchanged at 1.5 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 3, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 1250.6, an increase of 4.7 percent on a seasonally adjusted basis from 1194.4 one week earlier. On an unadjusted basis, the Index increased 4.9 percent compared with the previous week and 67.6 percent compared with the same week one year earlier.

The Refinance Index increased 3.2 percent to 6813.5 from 6600.1 the previous week and the seasonally adjusted Purchase Index increased 11.1 percent to 297.7 from 268.0 one week earlier. The Conventional Purchase Index increased 7.7 percent while the Government Purchase Index (largely FHA) increased 17.1 percent.

The four week moving average for the seasonally adjusted Market Index is up 13.3 percent. The four week moving average is up 4.2 percent for the seasonally adjusted Purchase Index, while this average is up 16.0 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 77.9 percent of total applications from 79.1 percent the previous week. The adjustable-rate mortgage (ARM) share of activity remained unchanged at 1.5 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 27, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 1194.4, an increase of 3.0 percent on a seasonally adjusted basis from 1159.4 one week earlier. On an unadjusted basis, the Index increased 2.9 percent compared with the previous week and 68.8 percent compared with the same week one year earlier.

The Refinance Index increased 3.7 percent to 6600.1 from 6363.2 the previous week and the seasonally adjusted Purchase Index increased 0.1 percent to 268.0 from 267.8 one week earlier. The Conventional Purchase Index increased 1.0 percent while the Government Purchase Index (largely FHA) decreased 1.4 percent.

The four week moving average for the seasonally adjusted Market Index is up 16.0 percent. The four week moving average is up 3.1 percent for the seasonally adjusted Purchase Index, while this average is up 20.3 percent for the Refinance Index.

The refinance share of mortgage activity increased to 79.1 percent of total applications from 78.5 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 1.5 percent from 1.4 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 20, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 1159.4, an increase of 32.2 percent on a seasonally adjusted basis from 876.9 one week earlier. On an unadjusted basis, the Index increased 31.4 percent compared with the previous week and 18.0 percent compared with the same week one year earlier.

“Mortgage rates fell sharply to low levels not seen in six decades following the Federal Reserve’s announcement on the Treasury bond and mortgage-backed securities purchase programs. The drop offered a sizable refinance incentive for most homeowners sparking a pickup in refinance activity,” said Orawin Velz, Associate Vice President of Economic Forecasting.

The Refinance Index increased 41.5 percent to 6363.2 from 4497.6 the previous week and the seasonally adjusted Purchase Index increased 4.2 percent to 267.8 from 257.1 one week earlier. The Conventional Purchase Index increased 3.9 percent while the Government Purchase Index (largely FHA) increased 4.6 percent.

The four week moving average for the seasonally adjusted Market Index is up 13.9 percent. The four week moving average is up 1.7 percent for the seasonally adjusted Purchase Index, while this average is up 18.7 percent for the Refinance Index.

The refinance share of mortgage activity increased to 78.5 percent of total applications from 72.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 1.4 percent from 2.0 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 13, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 876.9, an increase of 21.2 percent on a seasonally adjusted basis from 723.4 one week earlier. On an unadjusted basis, the Index increased 20.7 percent compared with the previous week and 31.2 percent compared with the same week one year earlier.
The Refinance Index increased 29.6 percent to 4497.6 from 3470.7 the previous week and the seasonally adjusted Purchase Index increased 1.5 percent to 257.1 from 253.3 one week earlier. The Conventional Purchase Index increased 2.1 percent while the Government Purchase Index (largely FHA) increased 0.4 percent.

The four week moving average for the seasonally adjusted Market Index is up 0.1 percent. The four week moving average is unchanged for the seasonally adjusted Purchase Index, while this average is up 0.2 percent for the Refinance Index.

The refinance share of mortgage activity increased to 72.9 percent of total applications from 67.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 2.0 percent from 2.3 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 6, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 723.4, an increase of 11.3 percent on a seasonally adjusted basis from 649.7 one week earlier. On an unadjusted basis, the Index increased 11.6 percent compared with the previous week and 5.7 percent compared with the same week one year earlier.

The Refinance Index increased 13.3 percent to 3470.7 from 3063.4 the previous week and the seasonally adjusted Purchase Index increased 7.1 percent to 253.3 from 236.4 one week earlier. The Conventional Purchase Index increased 5.4 percent while the Government Purchase Index (largely FHA) increased 10.4 percent.

The four week moving average for the seasonally adjusted Market Index is up 4.3 percent. The four week moving average is up 1.8 percent for the seasonally adjusted Purchase Index, while this average is up 5.4 percent for the Refinance Index.

The refinance share of mortgage activity increased to 67.9 percent of total applications from 66.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity was unchanged at 2.3 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 27, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 649.7, a decrease of 12.6 percent on a seasonally adjusted basis from 743.5 one week earlier, which was a shortened week due to the Presidents’ Day holiday. On an unadjusted basis, the Index decreased 2.0 percent compared with the previous week and 6.7 percent compared with the same week one year earlier.

The Refinance Index decreased 15.3 percent to 3063.4 from 3618.0 the previous week and the seasonally adjusted Purchase Index decreased 5.6 percent to 236.4 from 250.5 one week earlier. The seasonally adjusted Conventional Purchase Index decreased 6.5 percent while the Government Purchase Index (largely FHA) decreased 3.9 percent.

The four week moving average for the seasonally adjusted Market Index is down 4.8 percent to 717.3. The four week moving average for the seasonally adjusted Purchase Index is down 2.5 percent to 245.0, which is the lowest level since April 1998. This average is down 5.7 percent to 3469.2 for the Refinance Index.

The refinance share of mortgage activity decreased to 66.9 percent of total applications from 69.7 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 2.3 percent from 1.9 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 20, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 743.5, a decrease of 15.1 percent on a seasonally adjusted basis from 875.3 one week earlier. This week’s results included an adjustment to account for the shortened week due to the Presidents’ Day holiday. On an unadjusted basis, the Index decreased 22.6 percent compared with the previous week and increased 9.8 percent compared with the same week one year earlier.

The Refinance Index decreased 19.1 percent to 3618.0 from 4472.9 the previous week and the seasonally adjusted Purchase Index decreased 2.6 percent to 250.5 from 257.3 one week earlier. The Conventional Purchase Index decreased 4.4 percent while the Government Purchase Index (largely FHA) increased 0.8 percent.

The four week moving average for the seasonally adjusted Market Index is up 0.4 percent. The four week moving average is down 4.2 percent for the seasonally adjusted Purchase Index, while this average is up 1.7 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 69.7 percent of total applications from 74.2 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 1.9 percent from 1.7 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 13, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 875.3, an increase of 45.7 percent on a seasonally adjusted basis from 600.6 one week earlier. On an unadjusted basis, the Index increased 47.7 percent compared with the previous week and 5.2 percent compared with the same week one year earlier.

The Refinance Index increased 64.3 percent to 4472.9 from 2722.7 the previous week and the seasonally adjusted Purchase Index increased 9.1 percent to 257.3 from 235.9 one week earlier. The Conventional Purchase Index increased 10.9 percent while the Government Purchase Index (largely FHA) increased 5.5 percent.

The four week moving average for the seasonally adjusted Market Index is down 9.6 percent. The four week moving average is down 4.2 percent for the seasonally adjusted Purchase Index, while this average is down 12.2 percent for the Refinance Index.

The refinance share of mortgage activity increased to 74.2 percent of total applications from 66.7 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 1.7 percent from 2.5 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 6, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 600.6, a decrease of 24.5 percent on a seasonally adjusted basis from 795.4 one week earlier. On an unadjusted basis, the Index decreased 23.5 percent compared with the previous week and 43.9 percent compared with the same week one year earlier.
The Refinance Index decreased 30.3 percent to 2722.7 from 3906.3 the previous week and the seasonally adjusted Purchase Index decreased 9.8 percent to 235.9 from 261.4 one week earlier. The Purchase Index is at its lowest level since the end of 2000. The seasonally adjusted Conventional Purchase Index decreased 11.1 percent while the seasonally adjusted Government Purchase Index (largely FHA) decreased 7.0 percent.

The four week moving average for the seasonally adjusted Market Index is down 20.0 percent from last week. The four week moving average is down 8.7 percent for the seasonally adjusted Purchase Index, while this average is down 23.9 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 66.7 percent of total applications from 73.2 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 2.5 percent from 2.1 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 30, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 795.4, an increase of 8.6 percent on a seasonally adjusted basis from 732.1 one week earlier. On an unadjusted basis, the Index increased 28.1 percent compared with the previous week and decreased 26.9 percent compared with the same week one year earlier.

The Refinance Index increased 15.8 percent to 3906.3 from 3373.9 the previous week and the seasonally adjusted Purchase Index decreased 11.2 percent to 261.4 from 294.3 one week earlier. The seasonally adjusted Conventional Purchase Index decreased 11.3 percent while the Government Purchase Index (largely FHA) decreased 10.9 percent.

The four week moving average for the seasonally adjusted Market Index is down 9.2 percent. The four week moving average is down 4.7 percent for the seasonally adjusted Purchase Index, while this average is down 10.7 percent for the Refinance Index.

The refinance share of mortgage activity increased to 73.2 percent of total applications from 72.8 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 2.1 percent from 2.4 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 23, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 732.1, a decrease of 38.8 percent on a seasonally adjusted basis from 1195.3 one week earlier. This week’s results included an adjustment to account for the shortened week due to the Martin Luther King Jr. holiday. On an unadjusted basis, the Index decreased 46.5 percent compared with the previous week and 40.4 percent compared with the same week one year earlier.

The Refinance Index decreased 48 percent to 3373.9 from 6491.8 the previous week and the seasonally adjusted Purchase Index decreased 2.9 percent to 294.3 from 303.1 one week earlier. The Conventional Purchase Index decreased 7.8 percent while the Government Purchase Index (largely FHA) increased 8.8 percent.

The four week moving average for the seasonally adjusted Market Index is down 10.5 percent. The four week moving average is down 2.1 percent for the Purchase Index, while this average is down 12.7 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 72.8 percent of total applications from 83.3 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 2.4 from 1.5 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 16, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 1195.3, a decrease of 9.8 percent on a seasonally adjusted basis from 1324.8 one week earlier. On an unadjusted basis, the Index decreased 10.3 percent compared with the previous week and increased 23.1 percent compared with the same week one year earlier.

The Refinance Index decreased 12.4 percent to 6491.8 from 7414.1 the previous week and the seasonally adjusted Purchase Index increased 2.5 percent to 303.1 from 295.8 one week earlier. The Conventional Purchase Index increased 2.8 percent while the Government Purchase Index (largely FHA) increased 1.8 percent.

The four week moving average for the seasonally adjusted Market Index is down 1.0 percent. The four week moving average is down 1.0 percent for the seasonally adjusted Purchase Index, while this average is down 1.0 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 83.3 percent of total applications from 85.3 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 1.5 percent from 1.1 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 9, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 1324.8, an increase of 15.8 percent on a seasonally adjusted basis from 1143.8 one week earlier. On an unadjusted basis, the Index increased 95.7 percent compared with the previous week and was up 52.4 percent compared with the same week one year earlier.

The Refinance Index increased 25.6 percent to 7414.1 from 5904.5 the previous week and the seasonally adjusted Purchase Index decreased 14.1 percent to 295.8 from 344.2 one week earlier. The Refinance Index is at its highest level since the week ending June 27, 2003, when it was 8599.1.

The seasonally adjusted Conventional Purchase Index decreased 10.3 percent while the Government Purchase Index (largely FHA) decreased 21.8 percent.

The four week moving average for the seasonally adjusted Market Index is up 10.8 percent. The four week moving average is up 0.8 percent for the seasonally adjusted Purchase Index, while this average is up 13.8 percent for the Refinance Index.

The refinance share of mortgage activity increased to 85.3 percent of total applications from 79.8 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 1.1 percent from 0.9 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 2, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 1143.8, a decrease of 8.2 percent on a seasonally adjusted basis from 1245.7 one week earlier. This week’s results included an adjustment to account for the shortened week due to the New Year’s Day holiday. On an unadjusted basis, the Index decreased 8.9 percent compared with the previous week and was up 28.3 percent compared with the same week one year earlier.

The Refinance Index decreased 12.3 percent to 5904.5 from 6733.8 the previous week and the seasonally adjusted Purchase Index increased 7.3 percent to 344.2 from 320.9 one week earlier. The seasonally adjusted Conventional Purchase Index increased 2.3 percent while the Government Purchase Index (largely FHA) increased 19.2 percent.

The four week moving average for the seasonally adjusted Market Index is up 7.9 percent. The four week moving average is up 3.6 percent for the Purchase Index, while this average is up 9.3 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 79.8 percent of total applications from 82.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 0.9 percent from 0.8 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 26, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 1245.7, essentially unchanged, on a seasonally adjusted basis from 1245.4 one week earlier. This week’s results included an adjustment to account for the shortened week due to the Christmas holiday. On an unadjusted basis, the Index decreased 40.0 percent compared with the previous week and was up 155.0 percent compared with the same week one year earlier.

The Refinance Index decreased 0.4 percent to 6733.8 the previous week and the seasonally adjusted Purchase Index increased 1.4 percent to 320.9 from one week earlier. The seasonally adjusted Conventional Purchase Index increased 1.1 percent while the Government Purchase Index (largely FHA) increased 2.2 percent.

The four week moving average for the seasonally adjusted Market Index is up 10.3 percent. The four week moving average is down 3.2 percent for the seasonally adjusted Purchase Index, while this average is up 15.7 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 82.9 percent of total applications from 83.2 percent the previous week. The adjustable-rate mortgage (ARM) share of activity remained unchanged at 0.8 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 19, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 1245.4, an increase of 48.0 percent on a seasonally adjusted basis from 841.4 one week earlier. On an unadjusted basis, the Index increased 50.2 percent compared with the previous week and was up 124.6 percent compared with the same week one year earlier.

The Refinance Index increased 62.6 percent to 6758.6 from the previous week and the seasonally adjusted Purchase Index increased 10.6 percent to 316.5 from one week earlier. The Conventional Purchase Index increased 17.7 percent while the Government Purchase Index (largely FHA) decreased 3.4 percent.

The four week moving average for the seasonally adjusted Market Index is up 28.8 percent. The four week moving average is up 4.5 percent for the seasonally adjusted Purchase Index, while this average is up 42.0 percent for the Refinance Index.

The refinance share of mortgage activity increased to 83.2 percent of total applications from 76.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 0.8 percent from 1.1 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 12, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 841.4, an increase of 2.9 percent on a seasonally adjusted basis from 817.7 one week earlier, which was revised from 796.8.* On an unadjusted basis, the Index increased 2.9 percent compared with the previous week and was up 37.3 percent compared with the same week one year earlier.

The Refinance Index increased 6.5 percent to 4156.0 from the previous week and the seasonally adjusted Purchase Index decreased 4.5 percent to 286.1 from one week earlier. The Conventional Purchase Index decreased 6.7 percent while the Government Purchase Index (largely FHA) was virtually unchanged.

The four week moving average for the seasonally adjusted Market Index is up 17.9 percent. The four week moving average is up 3.2 percent for the seasonally adjusted Purchase Index, while this average is up 28.1 percent for the Refinance Index.

The refinance share of mortgage activity increased to 76.9 percent of total applications from 74.3 percent the previous week. The adjustable-rate mortgage (ARM) share of activity remained unchanged at 1.1 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 5, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 796.8, a decrease of 7.1 percent on a seasonally adjusted basis from 857.7 one week earlier. On an unadjusted basis, the Index increased 32.7 percent compared with the previous week and was up 2.2 percent compared with the same week one year earlier. Most categories of the survey declined from the previous week’s results, which were adjusted to account for the shortened week due to the Thanksgiving holiday.

The Refinance Index decreased 0.9 percent to 3767.3 the previous week and the seasonally adjusted Purchase Index decreased 17.4 percent to 298.1 from one week earlier. The Conventional Purchase Index decreased 15.5 percent while the Government Purchase Index (largely FHA) decreased 21.3 percent.

The refinance share of mortgage activity increased to 73.7 percent of total applications from 69.1 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 1.1 percent from 1.4 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 28, 2008, which was a shortened week due to the Thanksgiving holiday. The Market Composite Index, a measure of mortgage loan application volume, was 857.7, an increase of 112.1 percent on a seasonally adjusted basis from 404.4 one week earlier. On an unadjusted basis, the Index increased 51.4 percent compared with the previous week and was down 21.9 percent compared with the same week one year earlier.

“Many borrowers missed an opportunity to take advantage when rates dropped sharply for a brief period when the GSEs were placed under conservatorship,” said Orawin Velz, Associate Vice President of Economic Forecasting. “When rates plummeted following the Fed’s announcement that it would buy GSE debt and MBS, many of those on the sidelines decided to quickly jump in and take advantage of lower rates before they began to rebound.”

The Refinance Index increased 203.3 percent to 3802.8 from the previous week and the seasonally adjusted Purchase Index increased 38.0 percent to 361.1 from one week earlier. The Conventional Purchase Index increased 37.4 percent while the Government Purchase Index (largely FHA) increased 39.2 percent. All results include an adjustment to account for the Thanksgiving holiday.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 21, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 404.4, an increase of 1.5 percent on a seasonally adjusted basis from 398.6 one week earlier. On an unadjusted basis, the Index decreased 1.0 percent compared with the previous week and was down 21.9 percent compared with the same week one year earlier.

The Refinance Index decreased 2.1 percent to 1254.0 from the previous week and the seasonally adjusted Purchase Index increased 5.3 percent to 261.6 from one week earlier. The Conventional Purchase Index increased 3.8 percent while the Government Purchase Index (largely FHA) increased 8.5 percent.

The four week moving average for the seasonally adjusted Market Index is down 4.3 percent. The four week moving average is down 3.8 percent for the Purchase Index, while this average is down 4.6 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 49.3 percent of total applications from 49.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 3.0 percent from 2.6 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 14, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 398.6, a decrease of 6.2 percent on a seasonally adjusted basis from 425.0 one week earlier. On an unadjusted basis, the Index decreased 7.2 percent compared with the previous week and was down 41.3 percent compared with the same week one year earlier.
The Refinance Index increased 2.6 percent to 1281.2 from the previous week and the seasonally adjusted Purchase Index decreased 12.6 percent to 248.5 from one week earlier. The Conventional Purchase Index decreased 15.3 percent while the Government Purchase Index (largely FHA) decreased 6.5 percent.

The four week moving average for the seasonally adjusted Purchase Index is down 2.7 percent, while this average is up 2.5 percent for the Refinance Index.

The refinance share of mortgage activity increased to 49.9 percent of total applications from 45.1 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 2.6 percent from 2.3 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 7, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 425.0, an increase of 11.9 percent on a seasonally adjusted basis from 379.9 one week earlier. On an unadjusted basis, the Index increased 10.5 percent compared with the previous week and was down 40.0 percent compared with the same week one year earlier.
The Refinance Index increased 16.1 percent to 1248.4 from the previous week and the seasonally adjusted Purchase Index increased 9.0 percent to 284.4 from one week earlier. The Conventional Purchase Index increased 6.5 percent while the Government Purchase Index (largely FHA) increased 15.3 percent.

The four week moving average for the seasonally adjusted Market Index is down 3.7 percent. The four week moving average for the seasonally adjusted Purchase Index is down 2.5 percent, while this average is down 5.1 percent for the Refinance Index.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 31, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 379.9, a decrease of 20.3 percent on a seasonally adjusted basis from 476.7 one week earlier. On an unadjusted basis, the Index decreased 21.1 percent compared with the previous week and was down 43.4 percent compared with the same week one year earlier.

The Refinance Index decreased 27.8 percent to 1075.4 from the previous week and the seasonally adjusted Purchase Index decreased 13.9 percent to 260.9 from one week earlier. The Conventional Purchase Index decreased 14.4 percent while the Government Purchase Index (largely FHA) decreased 12.8 percent.

The four week moving average for the seasonally adjusted Market Index is down 4.7 percent. The four week moving average for the seasonally adjusted Purchase Index is down 4.4 percent, while this average is down 4.9 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 42.9 percent of total applications from 46.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 2.5 percent from 1.9 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 17, 2008. This week’s results include an adjustment to account for the Columbus Day holiday. The Market Composite Index, a measure of mortgage loan application volume, was 408.1, a decrease of 16.6 percent on a seasonally adjusted basis from 489.3 one week earlier. On an unadjusted basis, the Index decreased 25 percent compared with the previous week and was down 44 percent compared with the same week one year earlier.

The Refinance Index decreased 23.5 percent to 1158.8 from the previous week and the seasonally adjusted Purchase Index decreased 10.9 percent to 279.3 from one week earlier. The Conventional Purchase Index decreased 10.5 percent while the Government Purchase Index (largely FHA) decreased 11.9 percent.

The four week moving average for the seasonally adjusted Market Index is down 9.2 percent. The four week moving average for the seasonally adjusted Purchase Index is down 4.9 percent, while this average is down 14.2 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 42.6 percent of total applications from 46.4 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 2.7 percent from 2.6 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 10, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 489.3, an increase of 5.1 percent on a seasonally adjusted basis from 465.5 one week earlier. On an unadjusted basis, the Index increased 5.4 percent compared with the previous week and was down 17.0 percent compared with the same week one year earlier.

"Treasury yields were extremely volatile last week. The yield on the 10-year Treasury note -- the benchmark for 30-year fixed mortgage rate -- moved up about 40 basis points over the course of the week," said Orawin Velz, MBA's Associate Vice President of Economic Forecasting. "Lower yields earlier in the week appeared to have spurred refinance activity, which then faded as the week went on and rates began to rise."

The Refinance Index increased 12.5 percent to 1514.2 from the previous week and the seasonally adjusted Purchase Index decreased 0.3 percent to 313.5 from one week earlier. The Conventional Purchase Index increased 0.4 percent while the Government Purchase Index (largely FHA) decreased 2.1 percent.

The four week moving average for the seasonally adjusted Market Index is down 7.9 percent. The four week moving average for the seasonally adjusted Purchase Index is down 5.0 percent, while this average is down 11.2 percent for the Refinance Index.

The refinance share of mortgage activity increased to 46.4 percent of total applications from 43.4 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 2.6 percent from 2.3 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 3, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 465.5, an increase of 2.2 percent on a seasonally adjusted basis from 455.4 one week earlier. On an unadjusted basis, the Index increased 2.2 percent compared with the previous week and was down 28.6 percent compared with the same week one year earlier.
The Refinance Index increased 0.9 percent to 1345.8 from the previous week and the seasonally adjusted Purchase Index increased 3.2 percent to 314.5 from one week earlier. The Conventional Purchase Index increased 0.7 percent while the Government Purchase Index (largely FHA) increased 9.9 percent.

The four week moving average for the seasonally adjusted Market Index is down 1.4 percent. The four week moving average for the seasonally adjusted Purchase Index is down 4.1 percent, while this average is up 1.8 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 43.4 percent of total applications from 44.0 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 2.3 percent from 2.5 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending September 26, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 455.4, a decrease of 23.0 percent on a seasonally adjusted basis from 591.4 one week earlier. On an unadjusted basis, the Index decreased 23.4 percent compared with the previous week and was down 28.4 percent compared with the same week one year earlier.

The Refinance Index decreased 34.7 percent to 1333.9 from the previous week and the seasonally adjusted Purchase Index decreased 10.9 percent to 304.8 from one week earlier. The Conventional Purchase Index decreased 9.7 percent while the Government Purchase Index (largely FHA) decreased 14.1 percent.

The four week moving average for the seasonally adjusted Market Index is up 0.1 percent. The four week moving average for the seasonally adjusted Purchase Index is down 3.1 percent, while this average is up 4.1 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 44.0 percent of total applications from 51.6 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 3.3 percent from 4.0 percent of total applications from the previous week.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 8, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 425.9, a decrease of 1.5 percent on a seasonally adjusted basis from 432.6 one week earlier. On an unadjusted basis, the Index decreased 2.2 percent compared with the previous week and was down 36.9 percent compared with the same week one year earlier.
The Refinance Index decreased 4.2 percent to 1074.6 from previous week and the seasonally adjusted Purchase Index remained unchanged. The Conventional Purchase Index decreased 1.2 percent while the Government Purchase Index (largely FHA) increased 2.9 percent.

The four week moving average for the seasonally adjusted Market Index is down 5.2 percent. The four week moving average Purchase Index is down 3.4 percent, while this average is down 7.9 percent for the Refinance Index.

The refinance share of mortgage activity decreased to 35.2 percent of total applications from 35.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 7.3 from 6.9 percent of total applications from the previous week.