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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Paul Kern who wrote (79434)6/13/2007 7:02:13 AM
From: Paul KernRead Replies (2) | Respond to 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 
 06/08/07    715.9    520.2    1854.8    666.5    464.7    1854.8 
 06/01/07    609.7    442.8    1581.3    625.3    433.6    1757.1 
 05/25/07    692.9    490.0    1874.6    636.4    427.0    1874.6 
 05/18/07    747.9    506.2    2154.7    686.2    438.1    2154.7 
 05/11/07    737.4    500.6    2115.5    675.5    432.3    2115.5 
 05/04/07    741.8    505.9    2115.2    680.7    438.3    2115.2 
 04/27/07    713.3    489.6    2015.8    657.2    427.3    2015.8 
 04/20/07    703.5    466.7    2081.6    653.3    411.0    2081.6 
 04/13/07    675.5    446.6    2008.4    630.6    396.5    2008.4 
 04/06/07    690.7    463.2    2015.0    646.6    413.8    2015.0 
 03/30/07    691.5    449.8    2098.3    649.5    402.9    2098.3 
 03/23/07    714.1    459.2    2197.7    671.0    411.1    2197.7 
 03/16/07    715.8    459.3    2208.6    672.1    410.6    2208.6 
 03/09/07    734.2    463.1    2312.2    690.5    414.3    2312.2 
 
 
Seasonally Adjusted data for week ending 6/8/07 
 
Composite Index           Current  Prev Week  % Change  4 Wks Ago  Year Ago 
Market                     666.5     625.3       6.6      675.5     571.9 
Purchase                   464.7     433.6       7.2      432.3     414.6 
Refi                      1854.8    1757.1       5.6     2115.5    1499.4 
Fixed-Rate                 568.0     539.0       5.4      585.3     415.2 
ARM                       2734.6    2436.6      12.2     2571.7    3856.1 
 
Conventional Market       Current  Prev Week  % Change  4 Wks Ago  Year Ago 
Total                      979.1     920.6       6.4      997.6     845.3 
Purchase                   720.2     674.7       6.7      673.3     644.7 
Refi                      2046.3    1937.7       5.6     2342.4    1673.4 
Fixed-Rate                 829.8     789.3       5.1      861.9     602.6 
ARM                       4041.2    3614.2      11.8     3781.4    5821.6 
 
Government Market         Current  Prev Week  % Change  4 Wks Ago  Year Ago 
Total                      145.2     132.8       9.3      138.6     116.0 
Purchase                    99.6      89.1      11.8       88.0      85.7 
Refi                       847.3     806.6       5.0      920.8     582.1 
Fixed-Rate                 131.8     122.0       8.0      124.5     102.8 
ARM                        439.6     368.0      19.5      446.7     404.9 
 
 
 
Unadjusted data for week ending 6/8/07 
 
Composite Index           Current  Prev Week  % Change  4 Wks Ago  Year Ago 
Market                     715.9     609.7      17.4      737.4     616.7 
Purchase                   520.2     442.8      17.5      500.6     465.1 
Refi                      1854.8    1581.3      17.3     2115.5    1499.4 
Fixed-Rate                 610.1     525.6      16.1      638.9     447.7 
ARM                       2937.2    2376.0      23.6     2807.1    4158.1 
 
Conventional Market       Current  Prev Week  % Change  4 Wks Ago  Year Ago 
Total                     1051.2     897.3      17.2     1088.2     910.9 
Purchase                   806.3     689.0      17.0      779.7     723.2 
Refi                      2046.3    1743.9      17.3     2342.4    1673.4 
Fixed-Rate                 890.9     769.3      15.8      940.2     649.4 
ARM                       4338.6    3522.8      23.2     4125.1    6273.2 
 
Government Market         Current  Prev Week  % Change  4 Wks Ago  Year Ago 
Total                      156.8     130.1      20.5      152.3     126.1 
Purchase                   111.5      91.0      22.5      101.9      96.2 
Refi                       847.3     725.9      16.7      920.8     582.1 
Fixed-Rate                 142.3     119.6      19.0      136.9     111.8 
ARM                        474.7     360.5      31.7      491.0     440.2 
 
 
 
                  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          17.4     -2.9      16.1      19.1     -2.4      22.7     248.6 
 Purchase      17.5      3.9      11.9      19.4      5.2      19.6     242.5 
 Refi          17.3    -12.3      23.7      18.7    -12.1      27.7     258.6 
 Fixed-Rate    16.1     -4.5      36.3      16.6     -5.6      53.5     212.0 
 ARM           23.6      4.6     -29.4      25.2      5.6     -15.6     407.6 
 
 
Conventional   17.1     -3.4      15.4      19.1     -2.9      22.2     257.6 
 Purchase      17.0      3.4      11.5      19.6      4.9      19.2     252.0 
 Refi          17.3    -12.6      22.3      18.3    -12.7      26.8     266.7 
 Fixed-Rate    15.8     -5.2      37.2      16.6     -6.3      55.0     219.9 
 ARM           23.2      5.2     -30.8      24.9      5.7     -17.0     416.4 
 
 
Government     20.5      2.9      24.3      20.5      6.7      34.0     147.8 
 Purchase      22.5      9.4      15.9      17.4      9.6      27.0     145.3 
 Refi          16.7     -8.0      45.6      26.9      1.7      49.6     152.8 
 Fixed-Rate    19.0      4.0      27.3      17.0      8.2      30.3     129.7 
 ARM           31.7     -3.3       7.8      33.1      2.2      47.3     265.6 
 
 
 
                           Change in Contract Rate (bps) 
                   Effective  Total   Contract     1 Week   4 Weeks  1 Year 
                     Rate     Points    Rate        Ago       Ago     Ago 
30-Year Fixed        6.90     1.44      6.61         26       48        0 
15-Year Fixed        6.62     1.39      6.28         15       46        1 
7-Year Balloon       5.87     1.11      5.59          8       37      -82 
5-Year Balloon       6.43     1.08      6.16         19       34      -55 
ARM, 1-Yr Tsy        5.77     1.18      5.48        -26      -13      -61 
FHA 203 (b)          6.88     0.98      6.71         18       43        7


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

(END) Dow Jones Newswires
June 13, 2007 07:00 ET (11:00 GMT)



To: Paul Kern who wrote (79434)6/13/2007 7:46:21 AM
From: Mike JohnstonRead Replies (1) | Respond to of 306849
 
Laughable.

Just the interest payments would eat almost 3/4 of their after tax income.
With principal, property taxes, insurance, utilities, their housing cost would consume most of their income.

And they would be eligible for a loan last year ?


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