interesting how mtg rates are lower than at the Oct 31 fed meeting.
U.S. MBA Mortgage Applications Index for Nov. 30 (Table) 2007-12-05 07:00 (New York)
By Terry BarrettDec. 5 (Bloomberg) — Following is a summary of U.S. mortgage activity from the Mortgage Bankers Association.
| Nov 30 | Nov 23 | Nov 16 | Nov 9 | Nov 2 | YoY% | |
| —— | Weekly | Change | (SA) | —– | -NSA- | |
| Markt Index | 22.5% | -5.2% | -3.6% | 5.5% | -1.6% | 24.2% |
| Purchases | 15.2% | -4.9% | -2.0% | 4.8% | 0.0% | 9.5% |
| Refinancing | 31.8% | -4.9% | -5.0% | 6.4% | -3.2% | 38.8% |
| Fixed Rate | 26.9% | -3.9% | -3.9% | 3.9% | -1.1% | 4.2% |
| Adjust Rate | -2.8% | -11.9% | -1.9% | 15.1% | -5.0% | -39.7% |
| —– | Contract | Interest | Rates | —– | Yr Ago | |
| FRM 30-Yr | 5.82% | 6.09% | 6.18% | 6.19% | 6.16% | 5.98% |
| FRM 15-Yr | 5.38% | 5.69% | 5.72% | 5.76% | 5.77% | 5.66% |
| Balloon 7-Yr | 5.23% | 5.50% | 5.35% | 5.32% | 5.26% | 6.08% |
| Balloon 5-Yr | 5.88% | 6.28% | 6.26% | 6.10% | 5.86% | 6.58% |
| ARM 1Yr Tsy | 6.28% | 6.24% | 5.97% | 5.98% | 5.94% | 5.79% |
| FHA 203(b) | 5.97% | 6.06% | 6.12% | 6.21% | 6.22% | 6.10% |
| —– | Apps | (NSA) | —– | |||
| Total | ||||||
| Average Loan Size | $242.0 | $245.7 | $244.6 | $243.7 | $241.6 | $244.3 |
| Number Change | 51.5% | -25.5% | -5.2% | 4.2% | -2.4% | 3.7% |
| $ Volume Change | 49.2% | -25.2% | -4.9% | 5.1% | -3.5% | 6.0% |
| Purchases | ||||||
| Average Loan Size | $239.0 | $240.5 | $234.5 | $233.9 | $234.0 | $239.0 |
| Number Change | 37.2% | -18.7% | -5.5% | 2.1% | -1.6% | -1.3% |
| $ Volume Change | 33.9% | -16.6% | -5.3% | 2.0% | -3.6% | 0.3% |
| Refinancings | ||||||
| Average Loan Size | $243.6 | $251.9 | $254.6 | $253.3 | $249.5 | $249.7 |
| Number Change | 64.9% | -32.3% | -5.0% | 6.4% | -3.2% | 9.2% |
| $ Volume Change | 63.6% | -33.0% | -4.5% | 8.0% | -3.3% | 12.3% |
| —– | Indexes | (SA) | —– | |||
| Market Index Level | 791.8 | 646.3 | 681.7 | 707.3 | 670.6 | 681.7 |
| Purchases | 464.3 | 403.2 | 424.1 | 432.6 | 412.7 | 412.9 |
| Refinancings | 2761.3 | 2093.0 | 2199.9 | 2315.7 | 2176.1 | 2249.0 |
| Fixed Rate | 733.8 | 578.4 | 602.1 | 626.7 | 603.3 | 609.8 |
| Adjust Rate | 2016.6 | 2074.3 | 2533.2 | 2401.9 | 2085.9 | 2194.9 |
| Conventional Index | 1138.4 | 933.5 | 977.4 | 1017.0 | 960.0 | 982.2 |
| Conventional Purchase | 695.4 | 609.8 | 639.3 | 653.9 | 622.7 | 625.9 |
| Conventional Refinance | 3006.1 | 2283.3 | 2371.1 | 2503.6 | 2336.2 | 2433.2 |
| Conventional FRMs | 101.6 | 831.0 | 857.5 | 895.9 | 859.4 | 875.0 |
| Conventional ARMs | 2919.3 | 3035.1 | 3435.9 | 3602.1 | 3024.6 | 3181.8 |
| Govt Index | 214.0 | 167.4 | 188.7 | 190.8 | 188.0 | 180.7 |
| Govt Purchas | 133.9 | 107.9 | 116.4 | 116.4 | 112.7 | 108.5 |
| Govt Refi | 1475.9 | 1093.5 | 1304.1 | 1331.1 | 1339.8 | 1283.7 |
| Govt FRMs | 204.3 | 157.6 | 176.6 | 178.1 | 176.7 | 168.0 |
| Govt ARMs | 428.3 | 383.7 | 454.9 | 468.1 | 436.4 | 460.8 |
NOTE: March, 16 1990=100. Contract interest rates assume a 20% down payment. Average loan size is in thousands.
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