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Mortgage Bankers Association’s weekly applications survey:
- The Market Composite Index, which measures mortgage loan application volume, increased 25.5 percent week-over-week on a seasonally adjusted basis. (It increased 26 percent on an unadjusted basis.)
- The Refinance Index increased 24 percent week-over-week.
- The seasonally adjusted Purchase Index increased 27 percent week-over-week.
Fannie Mae’s Home Purchase Sentiment Index:
- The index increased to 3 points to 83.8 in September.
- The share of respondents who said it is a good time to buy a house increased 1 percentage point to 64 percent.
- The share of respondents who say it is a good time to sell increased 5 percentage points to 52 percent.
Weekly mortgage rates:
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The Mortgage Credit Availability Index (MCAI) for September 2015:
- Mortgage credit availability increased in September.
- The MCAI increased 0.3 percent month-over-month to 126.5. (It was benchmarked to 100 in March 2012.)
- The Conventional MCAI was up 1.1 percent month-over-month, followed by the Conforming MCAI (up 0.8 percent).
CoreLogic’s August 2015 Home Price Index:
- Home prices increased 1.2 percent month-over-month in August 2015.
- They increased 6.9 percent year-over-year.
- CoreLogic’s forecast projects a 4.3 percent increase year-over-year in August 2016.
Send market reports to press@inman.com.
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