Mortgage applications rise 4.1 percent in latest survey, rates dip 9 basis points

The Market Composite Index increased 4.1 percent on a seasonally adjusted basis from one week earlier, with both purchase loans and refinances up 4.0 percent. The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.75 percent.

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HomeSphere March report: Nearly 40 percent of builders reporting negative impact from higher interest rates

Highlights from HomeSphere/BTIG building industry report – March 2018

• 39% of builders reported some negative impact to sales related to higher interest rates
• 69% of builders raised some or all base prices month/month (with zero of 81 reporting decreases)
• 29% reported that sales were better than internal expectations

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Mortgage applications rise 0.6 percent in latest survey

The Market Composite Index increased 0.6 percent on a seasonally adjusted basis from one week earlier, with purchase loans falling 2 percent and refinances up 2 percent. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances remained unchanged at 4.13 percent.

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Mortgage applications rise 7.2 percent in latest survey as rates dip further

The Market Composite Index increased 7.2 percent on a seasonally adjusted basis from one week earlier, with purchase loans unchanged but refinances up 11 percent.  Last year, the Fourth of July fell on the prior week. The average contract interest rate for 30-year fixed-rate mortgages decreased to its lowest level since May 2013, 3.60 percent.

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Mortgage applications rise 7.2 percent in latest survey as rates dip again

The Market Composite Index increased 7.2 percent on a seasonally adjusted basis from one week earlier. The Refinance Index increased 11 percent from the previous week. The seasonally adjusted Purchase Index was unchanged from one week earlier. Last year, the Fourth of July fell on the prior week.

The average contract interest rate for conforming 30-year fixed-rate mortgages decreased to its lowest level since May 2013, 3.60 percent, from 3.66 percent.

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BuilderBytes' MetroIntelligence Economic Update for 4/13/12

Please click here to see the edition of BuilderBytes for 4/13/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Federal Reserve Beige Book shows continued improvement; multifamily construction still on a roll.
  
• 15-year fixed loan interest rates drop to new all-time low
  
• Producer Price Index unchanged in March; rose by just 2.8% over the past year
  
• Initial unemployment claims rise by 13,000 in most recent survey
  

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