MBA: Mortgage applications fall again, decrease 1.3%

Mortgage Applications Fall for Second Week in a Row admin | March 22, 2013. The Mortgage Bankers Association reported recently that mortgage applications fell 7.1% for the week ending March 15. This marked the second consecutive week of declines. The refinance index dropped 8%, making it 10 straight weeks of declines.

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U.S. Mortgage Loan Applications Fall as Interest Rates Stabilize The MBA total Mortgage Applications Index fell 2.4% (+34.2% y/y) during the week ending July 5. IP Is Mixed Across EMU In May among reporting EMU members listed in the table, four show IP declines while five show increases month-to-month.

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 · The MBA released its 2017 forecast at its annual convention in Boston this week, saying that purchase applications would rise 11 percent but refinance volume would drop 40 percent. That would reduce total mortgage originations by 14 percent compared to this year, when the refinance market was very hot.

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"Mortgage rates generally fell, but not as low as they had in 2016," said Joel Kan, an MBA economist. "Borrowers potentially looking at a refinance might be waiting for a much bigger decrease in order to act." Mortgage applications to purchase a home fell 3 percent for the week and are just 4 percent higher than one year ago. Annual gains in.