Mortgage applications decreased 4.2 percent from two
weeks earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage
Applications Survey for the week ending January 1, 2021. The results include adjustments to account for
the holidays.
. The holiday adjusted Refinance Index decreased 6 percent from
two weeks ago. The unadjusted Refinance Index was 34 percent lower than two weeks ago and was 100
percent higher than the same week one year ago.
The seasonally adjusted Purchase Index decreased
0.8 percent from two weeks ago. The unadjusted Purchase Index decreased 30 percent compared with
two weeks earlier and was
3 percent higher than the same week one year ago.
Mortgage applications increased 0.8 percent from one
week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage
Applications Survey for the week ending December 18, 2020.
. The Refinance Index increased 4 percent from the previous
week and was 124 percent higher than the same week one year ago.
The seasonally adjusted Purchase
Index decreased 5 percent from one week earlier. The unadjusted Purchase Index decreased 7 percent
compared with the previous week and was
26 percent higher than the same week one year ago.
“
Mortgage rates are closing the year at record lows. The 30-year fixed rate – at 2.86 percent – is a full
percentage point below a year ago. Last week’s increase in refinance applications was driven by FHA and
The DOL reported:
In the week ending December 12, the advance figure for
seasonally adjusted initial claims was 885,000, an increase of
23,000 from the previous week s revised level. The previous week s level was revised up by 9,000 from 853,000 to
862,000. The 4-week moving average was 812,500, an increase of 34,250 from the previous week s revised average. The
previous week s average was revised up by 2,250 from 776,000 to 778,250.
emphasis addedThis does not include the 455,037 initial claims for Pandemic Unemployment Assistance (PUA) that was up from 415,037 the previous week.
The following graph shows the 4-week moving average of weekly claims since 1971.
Click on graph for larger image.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased to 812,500.
MBA: Mortgage Applications Increase, Showing Ongoing Strength of Housing Market — RISMedia rismedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rismedia.com Daily Mail and Mail on Sunday newspapers.
Mortgage applications increased 1.1 percent from one
week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage
Applications Survey for the week ending December 11, 2020.
. The Refinance Index increased 1 percent from the previous
week and was 105 percent higher than the same week one year ago.
The seasonally adjusted Purchase
Index increased 2 percent from one week earlier. The unadjusted Purchase Index decreased 2 percent
compared with the previous week and was
26 percent higher than the same week one year ago.
“U.S. Treasury rates stayed low last week, in part due to uncertainty over the prospects of additional
pandemic-related government stimulus, as well as concerns about the continued rise in COVID-19 cases