US Daten

Press Release - Weekly Application Survey  


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Title:  Mortgage Rates and Applications Decline in Latest Survey
Source:  MBA
Date:  11/1/2006
Contacts:
Name: Phone: Email:
Aleis Stokes (202) 557-2741 astokes@mortgagebankers.org  
Laura Armstrong (202) 557-2730  larmstrong@mortgagebankers.org


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WASHINGTON, D.C. (November 1, 2006) - The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 27.  The Market Composite Index, a measure of mortgage loan application volume, was 570.8, a decrease of 3 percent on a seasonally adjusted basis from 588.6 one week earlier.  On an unadjusted basis, the Index decreased 3.3 percent compared with the previous week and was down 11.2 percent compared with the same week one year earlier.
The seasonally-adjusted Refinance Index decreased by 4.5 percent to 1709.2 from 1790.4 the previous week and the Purchase Index decreased by 1.8 percent to 375.6 from 382.4 one week earlier. Other seasonally adjusted index activity includes the Conventional Index, which decreased by 3.3 percent to 844.2 from 872.9 the previous week, and the Government Index, which increased 0.3 percent to 114.9 from 114.5 the previous week.

The four week moving average for the seasonally-adjusted Market Index is down 2.6 percent to 586.1 from 601.9.  The four week moving average is down 1.9 percent to 381.5 from 388.8 for the Purchase Index, while this average is down 3.5 percent to 1778.7 from 1844.1 for the Refinance Index.