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Strategies & Market Trends : The Residential Real Estate Crash Index
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From: Paul Kern8/20/2008 7:03:51 AM
Read Replies (2) 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 
 08/15/08    436.5    333.8    1034.5    419.3    314.0   1034.5 
 08/08/08    448.3    340.7    1074.6    425.9    315.2   1074.6 
 08/01/08    458.2    344.2    1121.8    432.6    315.2   1121.8 
 07/25/08    447.3    339.6    1074.4    420.8    309.5   1074.4 
 07/18/08    518.1    367.9    1392.7    489.6    335.6   1392.7 
 07/11/08    551.5    392.9    1474.9    522.2    359.7   1474.9 
 07/04/08    434.2    319.3    1103.4    513.4    365.8   1379.3 
 06/27/08    505.5    374.3    1269.2    477.7    342.8   1269.2 
 06/20/08    490.0    366.0    1212.2    461.3    333.4   1212.2 
 06/13/08   1378.6    511.2    1152.9   1378.6    481.2   1085.2 
 06/06/08    597.6    421.6    1622.1    557.1    376.2   1622.1 
 05/30/08    486.0    338.2    1346.5    502.3    333.6   1496.1 
 05/23/08    641.3    405.6    2013.5    593.3    352.7   2013.5 
 05/16/08    672.5    408.2    2210.5    621.6    352.5   2210.5 
 
 

 
Seasonally Adjusted data for week ending 8/15/2008 
 
Composite Index            Current  Prev Week  % Change  4 Wks Ago  Year Ago 
  Market                     419.3     425.9      -1.5      489.6     641.1 
  Purchase                   314.0     315.2      -0.4      335.6     441.5 
  Refi                      1034.5    1074.6      -3.7     1392.7    1806.3 
  Fixed-Rate                 404.2     413.8      -2.3      469.8     547.3 
  ARM                        739.2     685.3       7.9      911.1    2610.7 
 
Conventional Market        Current  Prev Week  % Change  4 Wks Ago  Year Ago 
  Market                     456.1     465.3      -2.0      563.8     932.0 
  Purchase                   368.2     370.7      -0.7      405.2     680.0 
  Refi                       815.2     853.1      -4.4     1213.9    1960.1 
  Fixed-Rate                 439.1     451.7      -2.8      539.3     790.5 
  ARM                        804.8     744.9       8.0     1066.7    3835.6 
 
Government Market          Current  Prev Week  % Change  4 Wks Ago  Year Ago 
  Market                     357.8     360.3      -0.7      365.9     156.0 
  Purchase                   236.0     235.5       0.2      235.7     100.7 
  Refi                      2218.5    2270.6      -2.3     2363.1    1000.0 
  Fixed-Rate                 345.7     350.3      -1.3      353.6     142.2 
  ARM                        626.4     582.7       7.5      640.0     458.6 
 
 

 
Unadjusted data for week ending 8/15/2008 
 
Composite Index            Current  Prev Week  % Change  4 Wks Ago  Year Ago 
  Market                     436.5     448.3      -2.6      518.1     663.8 
  Purchase                   333.8     340.7      -2.0      367.9     467.5 
  Refi                      1034.5    1074.6      -3.7     1392.7    1806.3 
  Fixed-Rate                 420.8     435.5      -3.4      497.1     566.7 
  ARM                        769.6     721.2       6.7      964.1    2703.2 
 
Conventional Market        Current  Prev Week  % Change  4 Wks Ago  Year Ago 
  Total                      475.1       490      -3.0      596.2     964.9 
  Purchase                   391.4     400.7      -2.3      444.2     720.1 
  Refi                       815.2     853.1      -4.4     1213.9    1960.1 
  Fixed-Rate                 457.4     475.7      -3.8      570.3     818.4 
  ARM                        838.3     784.4       6.9     1128.0    3971.0 
 
Government Market          Current  Prev Week  % Change  4 Wks Ago  Year Ago 
  Total                      372.0     378.7      -1.8      387.9     161.7 
  Purchase                   250.9     254.5      -1.4      258.4     106.7 
  Refi                      2218.5    2270.6      -2.3     2363.1    1000.0 
  Fixed-Rate                 359.4     368.2      -2.4      374.9     147.3 
  ARM                        651.3     612.5       6.3      678.5     475.4 
 
 

 
                   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          -2.6    -15.8     -34.2      -1.5    -16.8     -39.7     219.3 
 Purchase      -2.0     -9.3     -28.6      -2.2    -10.1     -31.6     227.4 
 Refi          -3.7    -25.7     -42.7       0.0    -27.9     -51.6     204.0 
 Fixed-Rate    -3.4    -15.4     -25.7      -3.2    -16.0     -23.2     205.6 
 ARM            6.7    -20.2     -71.5      10.9    -21.4     -74.3     375.6 
 
 
Conventional   -3.0    -20.3     -50.8      -1.7    -20.4     -52.7     238.4 
 Purchase      -2.3    -11.9     -45.6      -2.4    -12.0     -45.6     246.7 
 Refi          -4.4    -32.8     -58.4      -0.3    -34.0     -63.2     222.2 
 Fixed-Rate    -3.8    -19.8     -44.1      -3.8    -20.2     -41.0     217.5 
 ARM            6.9    -25.7     -78.9      10.6    -21.1     -76.6     472.4 
 
 
Government     -1.8     -4.1     130.1      -0.8     -4.4     178.7     178.5 
 Purchase      -1.4     -2.9     135.2      -1.6     -4.0     186.6     184.4 
 Refi          -2.3     -6.1     121.8       0.8     -5.2     164.9     168.3 
 Fixed-Rate    -2.4     -4.1     143.9      -1.7     -2.7     235.2     180.4 
 ARM            6.4     -4.0      37.0      13.4    -23.7     -16.7     155.7 
 

 
                            Change in Contract Rate (bps) 
                   Effective  Total   Contract     1 Week   4 Weeks  1 Year 
                     Rate     Points    Rate        Ago       Ago     Ago 
30-Year Fixed        6.69     1.10      6.47        -11      -12       -2 
15-Year Fixed        6.28     1.18      5.99        -18      -11      -21 
ARM, 1-Yr Tsy        7.17     0.42      7.07         -8       -9      123 
FHA 203 (b)          6.72     1.70      6.43        -13      -18       -9


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