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U.S. mortgage requests fall last week - report Wednesday January 28, 6:59 am ET NEW YORK, Jan 28 (Reuters) - Americans filed fewer mortgage requests last week as a modest uptick in mortgage rates cooled the resurgence in loan demand seen in the prior week, an industry trade group said on Wednesday. The Mortgage Bankers Association said its market index, a measure of weekly mortgage activity, fell for the week ending Jan 23 by 5.2 percent to 868.9 from the previous week's 916.1, which was the highest level since the week ended Aug. 1, as average 30-year mortgage rates rose...

WASHINGTON, Jan 22 (Reuters) - U.S. mortgage lenders expect business to drop sharply this year from record highs in 2003 despite a recent refinancing boomlet as mortgage interest rates fall to 6-month lows, a trade association said on Thursday. Slowing business will cause lenders to shed around 65,000 jobs, Mortgage Bankers Association Chief Economist Douglas Duncan said at a briefing. Employment in the industry peaked at near 435,000 during the crest of the refinancing wave in the middle of last year, he said. "There's no question that the decline in volume will reveal excess capacity," Duncan said. Many of those...

WASHINGTON, D.C. (January 14, 2004)- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 9. The Market Composite Index of mortgage loan applications-a measure of mortgage loan applications for purchases and refinancings-increased by 17.1 percent to 702.6 on a seasonally adjusted basis from 599.9 one week earlier. On an unadjusted basis, the Index increased by 71.9 percent compared with last week and was down 42.9 percent compared with the same week one year earlier. The MBA seasonally adjusted Purchase Index increased by 11.1 percent to 445.9 from 401.3 the previous week. The...

WASHINGTON, D.C. (January 7, 2003) - The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 2. The Market Composite Index of mortgage loan applications - a measure of mortgage loan applications for purchases and refinancings - increased by 4.5 percent to 599.9 on a seasonally adjusted basis from 574.1 one week earlier. On an unadjusted basis, the Index increased by 23.5 percent compared with last week and was down 53.2 percent compared with the same week one year earlier. The MBA seasonally adjusted Purchase Index increased by 2.9 percent to 401.3 from...

WASHINGTON , D.C. ( December 31, 2003 ) - The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 26. The Market Composite Index of mortgage loan applications - a measure of mortgage loan applications for purchases and refinancings - decreased by 9.0 percent to 574.1 on a seasonally adjusted basis from 631.2 one week earlier. On an unadjusted basis, the Index decreased by 45.8 percent compared with last week and was down 44.3 percent compared with the same week one year earlier. The MBA seasonally adjusted Purchase Index decreased by 5.2 percent...

WASHINGTON , D.C. ( December 24, 2003 ) - The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 19. The Market Composite Index of mortgage loan applications - a measure of mortgage loan applications for purchases and refinancings - decreased by 6.8 percent to 631.2 on a seasonally adjusted basis from 677.2 one week earlier. On an unadjusted basis, the Index decreased by 7.7 percent compared with last week and was down 34.7 percent compared with the same week one year earlier. The MBA seasonally adjusted Purchase Index decreased by 5.9 percent...

WASHINGTON , D.C. ( December 17, 2003 ) - The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 12. The Market Composite Index of mortgage loan applications - a measure of mortgage loan applications for purchases and refinancings - increased by 12.6 percent to 677.2 on a seasonally adjusted basis from 601.6 one week earlier . On an unadjusted basis, the Index increased by 11.3 percent compared with last week and was down 35.2 percent compared with the same week one year earlier. The MBA seasonally adjusted Purchase Index increased by 9.4...

Refinance Index At Lowest Point In 18 Months While ARM Share Of Applications Reaches Highest Level In Nearly Four Years WASHINGTON , D.C. ( December 10, 2003 ) ? The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 5. The Market Composite Index of mortgage loan applications?a measure of mortgage loan applications for purchases and refinancings?decreased by 12.2 percent to 601.6 on a seasonally adjusted basis from 685.1 one week earlier. On an unadjusted basis, the Index increased by 22.3 percent compared with last week and was down 33.6 percent compared with...

WASHINGTON , D.C. ( December 3, 2003 ) - The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 28. The Market Composite Index of mortgage loan applications - a measure of mortgage loan applications for purchases and refinancings - decreased by 11.7 percent to 685.1 on a seasonally adjusted basis from 775.6 one week earlier. On an unadjusted basis, the Index decreased by 39.9 percent compared with last week and was down 29.7 percent compared with the same week one year earlier. The MBA seasonally adjusted Purchase Index decreased by 3.9 percent...

Refinance Applications Jump with Recent Drop in Rates WASHINGTON , D.C. ( November 26, 2003 ) - The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 21. The Market Composite Index of mortgage loan applications - a measure of mortgage loan applications for purchases and refinancings - increased by 16.9 percent to 775.6 on a seasonally adjusted basis from 663.2 one week earlier. On an unadjusted basis, the Index increased by 28.1 percent compared with last week and was down 33.8 percent compared with the same week one year earlier. The MBA...

WASHIGNTON, D.C. (November 19, 2003) - The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 14. The Market Composite Index of mortgage loan applications - a measure of mortgage loan applications for purchases and refinancings - increased by 5.9 percent to 663.2 on a seasonally adjusted basis from 626.0 one week earlier. On an unadjusted basis, the Index decreased by 6.6 percent compared with last week and was down 51.9 percent compared with the same week one year earlier. The MBA seasonally adjusted Purchase Index increased by 13.5 percent to 425.9 from...

UPDATE - U.S. mortgage applications lowest since June 2002 Thursday November 13, 7:01 am ET (Adds analyst comments, background on housing and the economy) NEW YORK, Nov 13 (Reuters) - Applications for U.S. home loans dropped last week to their lowest level in almost a year and a half, a trade group said on Thursday, as rising rates cut into demand for homes and mortgage refinancing. The Mortgage Bankers Association of America said its market index, a barometer of mortgage applications, fell 8.6 percent to 626.0 in the week ended Nov. 7, its lowest level since the week ended June...

Reuters, 11.05.03, 7:00 AM ET NEW YORK, Nov 5 (Reuters) - Applications for home loans in the United States increased last week even as interest rates rose marginally, an industry group said on Wednesday. The Mortgage Bankers Association of America said its measure of home loan refinances, the refinancing index, rose 0.3 percent to 2,319.4 in the week ended Oct. 31. At the same time, the trade group's measure of demand for loans to buy a home, the purchase index, rose 11.1 percent to 404.3 last week. And, the MBA said its seasonally adjusted market index rose 5.5 percent to...

ARM Share and Refinancing Share of Applications Increase in Latest Survey WASHINGTON , D.C. ( October 29, 2003 ) - The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 24. The Market Composite Index of mortgage loan applications - a measure of mortgage loan applications for purchases and refinancings - decreased by 0.5 percent to 649.6 on a seasonally adjusted basis from 652.8 one week earlier. On an unadjusted basis, the Index increased by 10.4 percent compared with last week and was down 29.2 percent compared with the same week one year...

Refinance Share of Applications Drops as Mortgage Rates Continue to Rise WASHIGNTON , D.C. ( October 22, 2003 ) - The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 17. The Market Composite Index of mortgage loan applications - a measure of mortgage loan applications for purchases and refinancings - increased by 0.5 percent to 652.8 on a seasonally adjusted basis from 649.6 one week earlier. On an unadjusted basis, the Index decreased by 9.7 percent compared with last week and was down 42.7 percent compared with the same week one year...

UPDATE - US mortgage applications drop in Oct. 10 week Wednesday October 15, 7:02 am ET (Adds details on home sales)NEW YORK, Oct 15 (Reuters) - Applications for mortgages to buy homes, often seen as an early indicator of home sales, last week fell to their lowest level since April, as rates edged higher, a trade group said on Wednesday. The Mortgage Bankers Association of America said its index of applications for mortgages to buy homes fell 18.6 percent, to 359.0, its lowest level since the week ended April 25. Even if the decline in applications signals that home sales...

WASHINGTON, D.C. (October 8, 2003)-- The Mortgage Bankers Association of America (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 3. The Market Composite Index of mortgage loan applications?a measure of mortgage loan applications for purchases and refinancings?increased by 15.6 percent to 817.3 percent on a seasonally adjusted basis from 707.2 one week earlier. On an unadjusted basis, the Index increased by 15.7 percent compared with last week and was down 38.5 percent compared with the same week one year earlier. The MBA seasonally adjusted Purchase Index increased by 10.8 percent to 441.1 from 398.0 the...

U.S. mortgage refinancings up in Sept 26 week Wednesday October 1, 7:26 am ET NEW YORK, Oct 1 (Reuters) - The Mortgage Bankers Association of America (MBA) weekly mortgage application survey for the week ended Sept. 26. . Market Composite Index (seasonally adjusted) . Latest Previous Pct 4 Weeks 1 Year . Week Week Change Ago Ago . ------------------------------------ Market Index 707.2 699.6 1.1 628.7 1285.4 Purchase Index 397.8 402.1 -1.1 396.1 359.4 Refinancing Index 2506.8 2429.7 3.2 1981.5 6671.4 Fixed-rate Index 567.9 566.7 0.2 505.4 1179.1 Adjustable-rate 3623.0 3481.0 4.1 3208.2 3509.4 Conventional Market Indices (seasonally adjusted) Conventional Index...

U.S. mortgage requests fall in Sept 19 week-MBA Wednesday September 24, 7:06 am ET NEW YORK, Sept 24 (Reuters) - The Mortgage Bankers Association of America (MBA) weekly mortgage application survey for the week ended Sept 19. . Market Composite Index (seasonally adjusted) . Latest Previous Pct 4 Weeks 1 Year . Week Week Change Ago Ago . ------------------------------------ Market Index 699.6 726.7 -3.7 638.6 1183.8 Purchase Index 402.1 432.4 -7.0 375.5 359.7 Refinancing Index 2429.7 2438.5 -0.4 2169.0 5977.2 Fixed-rate Index 566.7 591.1 -4.1 505.6 1100.1 Adjustable-rate 3481.0 3565.0 -2.4 3421.3 2936.1 Conventional Market Indices (seasonally adjusted) Conventional Index...

U.S. mortgage demand climbs in Sept 5 week-MBA Wednesday September 10, 7:02 am ET NEW YORK, Sept 10 (Reuters) - The Mortgage Bankers Association of America (MBA) weekly mortgage application survey for the week ended Sept 5. . Market Composite Index (seasonally adjusted) . Latest Previous Pct 4 Weeks 1 Year . Week Week Change Ago Ago . ------------------------------------ Market Index 771.8 628.7 22.8 824.6 1238.2 Purchase Index 408.8 396.1 3.2 409.6 401.6 Refinancing Index 2883.6 1981.5 45.5 3238.4 6104.3 Fixed-rate Index 633.9 505.4 25.4 669.3 1138.3 Adjustable-rate 3659.4 3208.2 14.1 4076.0 3331.9 Conventional Market Indices (seasonally adjusted) Conventional Index...