Mortgage Applications Fell 2% in Latest Week: MBA

Published February 12, 2014, 4:01 p.m. EST

|

Updated February 12, 2014, 4:03 p.m. EST

1 Min Read

Mortgage applications fell 2% for the week ended Feb. 7, according to data from the Mortgage Bankers Association.

Processing Content

Refinancing activity dipped 0.2% from the previous week, according to the MBA’s Weekly Mortgage Applications Survey. Refinances made up 62% of all mortgage applications, unchanged from the previous week.

The average interest rate for 30-year fixed-rate mortgages fell to 4.45%, down 2 basis points from the previous week. The interest rate for 15-year fixed-rate mortgages decreased by 4 basis points, to 3.49%.

The MBA survey encompasses over 75% of all U.S. retail residential mortgage applications.

For reprint and licensing requests for this article, click here.

Data and information management

MORE FROM NATIONAL MORTGAGE NEWS

Housing affordability

Manufactured homes market set to hit $42.7 billion by 2031

Mordor Intelligence expects the manufactured homes market size to expand from $28.5 billion in 2025 to $30.5 billion this year, its latest report found.

By Colin McNamara
Reporter

May 1
Secondary markets

Invesco REIT takes loss as Iran volatility hits agency MBS

Fannie Mae and Freddie Mac's support for the market lessened the impact, as could bank capital reform, and the company's normalized results outperformed.

By Bonnie Sinnock
Capital Markets Editor

May 1
Regulation and compliance

Banks 'fairly, but not totally' satisfied with Basel rule

Even as they continue to press for additional changes, banks get some wins from the revised Basel capital framework and a ballpark estimate of their capital outlook for the next few years.

By Ebrima Santos Sanneh
Reporter

May 1
Mortgage technology

Mortgage brokers embrace AI but seek better tools, training

More than three-quarters of brokers are using popular AI platforms, but application of lender-specific software lags considerably, according to AD Mortgage.

By Spencer Lee
Technology Reporter

May 1
UWM

UWM reaches directly to TWO shareholders with higher bid

UWM Holdings is now bidding 70 cents more per share than CrossCountry for Two Harbors, with an all-cash option as an alternative to its all-stock proposal.

By Brad Finkelstein
Originations Editor

May 1
Originations

Largest lenders generate 20% of total mortgage volume

Refinances drove growth of last year's lending activity, with both the volume share and average loan size coming in noticeably higher, according to IEmergent.

By Spencer Lee
Technology Reporter

May 1

Load More