The past four weeks of for MBA purchase applications has been rather inconsistent (up and down); however, in the April 29th week the Mortgage Bankers Association index show a 0.3% gain. I would not call this stellar by any means and based on the past few weeks showing, this gain may be short lived.… read more
Tag Archives: Mortgage Bankers Association
MBA Purchase Applications
FHA insurance premiums scheduled to increase helped cause a 10% surge in Mortgage applications during the week of April 15th 2011. According to the refinance index there was a 2.7% increase due to the fall in 30 yr. interest rates to an of average of 4.83% (What is MBA: Mortgage Banker’s Association)… read more