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Strategies & Market Trends : The Residential Real Estate Crash Index
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From: Paul Kern2/27/2008 7:05:20 AM
Read Replies (1) of 306849
 
WASHINGTON (Dow Jones)--Following is data from the Mortgage Bankers Association of America's weekly mortgage application survey, released Wednesday.

              Seasonally Unadjusted        Seasonally Adjusted 
   Week  :   Market  Purchase   Refi     Market  Purchase   Refi 
  Ending :   Index    Index    Index     Index    Index    Index 
 2/22/08    623.7    350.7    2213.0    665.1    358.2    2458.9 
 2/15/08    840.2    377.3    3533.8    822.8    357.6    3533.8 
 02/08/08   1066.5    407.4    4901.5   1063.5    403.9    4901.5 
 02/01/08   1071.0    386.5    5054.0   1086.6    405.3    5054.0 
 01/25/08   1025.4    324.4    5103.6   1054.9    362.0    5103.6 
 01/18/08    928.2    369.7    4178.2    981.5    439.9    4178.2 
 01/11/08    836.4    365.7    3575.5    906.4    461.2    3575.5 
 01/11/08    836.4    365.7    3575.5    906.4    461.2    3575.5 
 01/04/08    507.5    251.8    1995.3    706.0    414.0    2494.2 
 12/28/07    280.2    161.2     972.5    533.9    360.8    1620.9 
 12/21/07    530.3    292.3    1915.3    603.8    394.5    1915.3 
 12/14/07    577.6    317.1    2093.6    653.8    422.2    2093.6 
 12/07/07    733.6    364.8    2879.8    811.8    472.0    2879.8 
 11/30/07    723.6    373.5    2761.3    791.8    464.3    2761.3 
 
 
Seasonally Adjusted data for week ending 2/22/2008 
 
Composite Index           Current  Prev Week  % Change  4 Wks Ago  Year Ago 
Market                     665.1     822.8     -19.2     1054.9     626.1 
Purchase                   358.2     357.6       0.2      362.0     401.3 
Refi                      2458.9    3533.8     -30.4     5103.6    1943.5 
Fixed-Rate                 592.9     752.6     -21.2     1011.3     518.0 
ARM                       2183.7    2301.8      -5.1     1981.0    2896.1 
 
Conventional Market       Current  Prev Week  % Change  4 Wks Ago  Year Ago 
Total                      907.1    1153.4     -21.4     1537.6     928.9 
Purchase                   499.6     507.1      -1.5      522.4     625.6 
Refi                      2571.6    3784.1     -32.0     5682.2    2170.8 
Fixed-Rate                 798.7    1045.9     -23.6     1470.4     765.1 
ARM                       3130.7    3356.7      -6.7     2916.6    4287.8 
 
Government Market         Current  Prev Week  % Change  4 Wks Ago  Year Ago 
Total                      261.5     271.8      -3.8      250.2     121.3 
Purchase                   155.9     143.8       8.4      132.8      80.6 
Refi                      1878.9    2226.9     -15.6     2053.5     745.0 
Fixed-Rate                 249.6     263.7      -5.3      246.5     106.2 
ARM                        523.9     451.1      16.1      333.4     451.4 
 
 
 
Unadjusted data for week ending 2/22/2008 
 
Composite Index           Current  Prev Week  % Change  4 Wks Ago  Year Ago 
Market                     623.7     840.2     -25.8     1025.4     593.4 
Purchase                   350.7     377.3      -7.1      324.4     394.8 
Refi                      2213.0    3533.8     -37.4     5103.6    1749.2 
Fixed-Rate                 556.0     768.5     -27.7      983.0     490.9 
ARM                       2047.9    2350.4     -12.9     1925.5    2744.5 
 
Conventional Market       Current  Prev Week  % Change  4 Wks Ago  Year Ago 
Total                      849.5    1176.5     -27.8     1497.6     879.8 
Purchase                   489.1     535.1      -8.6      468.1     615.6 
Refi                      2314.4    3784.1     -38.8     5682.2    1953.7 
Fixed-Rate                 748.0    1067.0     -29.9     1432.1     724.7 
ARM                       2931.8    3424.1     -14.4     2840.7    4061.1 
 
Government Market         Current  Prev Week  % Change  4 Wks Ago  Year Ago 
Total                      247.3     279.4     -11.5      238.0     115.7 
Purchase                   152.6     151.7       0.6      119.0      79.3 
Refi                      1691.0    2226.9     -24.1     2053.5     670.5 
Fixed-Rate                 236.0     271.1     -12.9      234.5     101.3 
ARM                        495.4     463.8       6.8      317.2     430.7 
 
 
 
                  Percent Change In            Percent Change 
                 No. Of Applications          In Dollar Value            Avg 
             Week Ago  4Wks Ago  Yr Ago   Week Ago  4Wks Ago  Yr Ago    Loan 
                                                                       ($000) 
Total         -25.8    -39.2       5.1     -25.5    -41.3       2.4     244.6 
 Purchase      -7.1      8.1     -11.2      -7.0     10.5      -5.8     254.3 
 Refi         -37.4    -56.6      26.5     -37.8    -59.9      12.2     235.6 
 Fixed-Rate   -27.6    -43.4      13.3     -27.6    -47.8      11.4     210.5 
 ARM          -12.9      6.4     -25.4     -19.1    -10.9     -16.1     438.0 
 
 
Conventional  -27.8    -43.3      -3.4     -27.4    -44.4      -4.8     256.1 
 Purchase      -8.6      4.5     -20.5      -8.2      8.6     -13.4     270.7 
 Refi         -38.8    -59.3      18.5     -39.5    -62.1       5.3     243.6 
 Fixed-Rate   -29.9    -47.8       3.2     -29.9    -51.2       3.2     221.1 
 ARM          -14.4      3.2     -27.8     -20.0    -12.6     -20.8     439.0 
 
 
Government    -11.5      3.9     113.7      -4.7     11.0     168.4     178.4 
 Purchase       0.6     28.2      92.4       2.3     25.5     134.8     179.5 
 Refi         -24.1    -17.7     152.2     -13.0     -4.4     235.6     177.0 
 Fixed-Rate   -12.9      0.6     132.9      -3.7     10.8     179.7     154.5 
 ARM            6.8     56.2      15.0      -8.3     11.9     133.0     427.0 
 
 
 
                           Change in Contract Rate (bps) 
                   Effective  Total   Contract     1 Week   4 Weeks  1 Year 
                     Rate     Points    Rate        Ago       Ago     Ago 
30-Year Fixed        6.50     1.15      6.27         17       67       11 
15-Year Fixed        6.03     1.01      5.77         23       74       -7 
7-Year Balloon       4.84     0.91      4.61         -3       29      -77 
5-Year Balloon       5.57     0.93      5.33         13       46      -56 
ARM, 1-Yr Tsy        6.05     0.86      5.84         12       14       -8 
FHA 203 (b)          6.32     1.19      6.11         11       51      -13


All rates except FHA 203(b) are for 80% loan-to-value mortgage.

(END) Dow Jones Newswires
February 27, 2008 07:00 ET (12:00 GMT)
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