This Week in Real Estate 12 October 2011: Mortgage Applications Increase

October 12th, 2011
in econ_news

Econintersect: Although the Mortgage Bankers Association (MBA) Mortgage Applications Survey for the week ending October 05, 2011 showed mortgage applications increased slightly (1.3%), overall mortgages remain at levels last seen in the late 1990's.

Econintersect continues to warn that watching application data is no window into determining home sales as the amount of cash buyers is running at 29%.

Follow up:

The current volumes are easy to understand using the following graphic from Calculated Risk:

The average contract interest rate for 30-year fixed-rate mortgages increased to 4.25%.  The refinance share of mortgage activity remained unchanged at 79.1%.

source: MBA, Calculated Risk

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved