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Strategies & Market Trends : The Residential Real Estate Crash Index
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From: Paul Kern12/3/2008 7:03:48 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 
 11/28/08    565.1    204.7    2662.0    857.7    361.1   3802.8 
 11/21/08    373.3    222.0    1254.0    404.4    261.6   1254.0 
 11/14/08    376.9    221.5    1281.2    398.6    248.5   1281.2 
 11/07/08    406.2    261.5    1248.4    425.0    284.4   1248.4 
 10/31/08    367.6    246.1    1075.4    379.9    260.9   1075.4 
 10/24/08    465.7    289.8    1489.4    476.7    303.1   1489.4 
 10/17/08    359.4    241.9    1043.0    408.1    279.3   1158.8 
 10/10/08    479.1    301.3    1514.2    489.3    313.5   1514.2 
 10/03/08    454.6    301.5    1345.8    465.5    314.5   1345.8 
 09/26/08    445.0    292.3    1333.9    455.4    304.8   1333.9 
 09/19/08    581.1    329.9    2043.4    591.4    342.2   2043.4 
 09/12/08    653.6    370.7    2300.0    661.7    380.4   2300.0 
 09/05/08    395.4    295.2     978.3    496.2    371.5   1222.9 
 08/29/08    457.8    354.5    1059.7    453.1    349.0   1059.7 
 
 

 
Seasonally Adjusted data for week ending 11/28/2008 
 
Composite Index            Current  Prev Week  % Change  4 Wks Ago  Year Ago 
  Market                     857.7     404.4     112.1      379.9     791.8 
  Purchase                   361.1     261.6      38.0      260.9     464.3 
  Refi                      3802.8    1254.0     203.3     1075.4    2761.3 
  Fixed-Rate                 887.1     411.3     115.7      388.6     733.8 
  ARM                        254.1     264.4      -3.9      204.6    2016.6 
 
Conventional Market        Current  Prev Week  % Change  4 Wks Ago  Year Ago 
  Market                    1018.8     411.8     147.4      389.4    1138.4 
  Purchase                   406.6     295.9      37.4      316.1     695.4 
  Refi                      3552.9     896.8     296.2      688.8    3006.1 
  Fixed-Rate                1050.4     414.1     153.7      395.9    1051.6 
  ARM                        371.9     363.2       2.4      256.7    2919.3 
 
Government Market          Current  Prev Week  % Change  4 Wks Ago  Year Ago 
  Market                     589.4     392.1      50.3      364.1     214.0 
  Purchase                   295.5     212.3      39.2      181.5     133.9 
  Refi                      5176.8    3178.3      62.9     3156.0    1476.9 
  Fixed-Rate                 614.9     406.1      51.4      375.9     204.3 
  ARM                         43.3      93.0     -53.4      114.3     428.3 
 
 

 
Unadjusted data for week ending 11/28/2008 
 
Composite Index            Current  Prev Week  % Change  4 Wks Ago  Year Ago 
  Market                                          51.4      367.6     723.6 
  Purchase                                        -7.8      246.1     373.5 
  Refi                          26               112.3     1075.4    2761.3 
  Fixed-Rate                                      53.9      376.0     670.6 
  ARM                                            -31.4      198.0    1842.9 
 
Conventional Market        Current  Prev Week  % Change  4 Wks Ago  Year Ago 
  Total                                           78.6      375.3    1042.5 
  Purchase                                        -8.2      298.2     559.4 
  Refi                          24               177.3      688.8    3006.1 
  Fixed-Rate                                      83.1      381.6     963.0 
  ARM                                            -26.1      247.5    2673.3 
 
Government Market          Current  Prev Week  % Change  4 Wks Ago  Year Ago 
  Total                                            4.3      354.8     192.0 
  Purchase                                        -7.0      171.2     107.7 
  Refi                          36                14.0     3156.0    1476.9 
  Fixed-Rate                                       5.1      366.2     183.3 
  ARM                                            -67.7      111.4     384.1 
 
 

                   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          51.4     53.7     -21.9      66.8     73.5     -20.4     246.7 
 Purchase      -7.8    -16.8     -45.2      -5.7    -13.6     -48.6     224.8 
 Refi         112.3    147.5      -3.6     138.8    187.1       1.5     256.5 
 Fixed-Rate    53.9     55.4     -12.8      73.6     76.8       1.1     241.5 
 ARM          -31.4    -15.4     -90.9     -20.5     13.9     -88.6     623.6 
 
 
Conventional   78.6     80.1     -35.1      98.7    104.9     -32.8     260.6 
 Purchase      -8.2    -22.7     -58.8      -6.5    -18.9     -59.7     244.1 
 Refi         177.3    261.1     -17.3     224.7    332.1     -12.6     266.8 
 Fixed-Rate    83.1     82.7     -27.6     112.1    110.9     -15.2     253.8 
 ARM          -26.1     -0.3     -90.8     -18.1     24.9     -88.2     650.8 
 
 
Government      4.3      7.1      98.0       4.1     10.1     158.9     205.6 
 Purchase      -7.0     -2.1      55.5      -3.5      3.4      74.9     186.9 
 Refi          14.0     14.8     145.4       9.3     14.6     264.5     218.7 
 Fixed-Rate     5.0      8.3     116.4       4.8     11.6     227.2     205.6 
 ARM          -67.7    -75.0     -92.7     -67.9    -79.2     -96.2     198.8 
 
 

 
                            Change in Contract Rate (bps) 
                   Effective  Total   Contract     1 Week   4 Weeks  1 Year 
                     Rate     Points    Rate        Ago       Ago     Ago 
30-Year Fixed        5.70     1.16      5.47        -51     -100      -34 
15-Year Fixed        5.45     1.28      5.13        -65     -102      -25 
ARM, 1-Yr Tsy        6.74     0.52      6.61        -27      -25       33 
FHA 203 (b)          5.98     1.18      5.78        -38      -81      -19 
All rates except FHA 203(b) are for 80% loan-to-value mortgage.
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