Wednesday, May 16, 2012

Mortgage Bankers Association Weekly Survey

The latest Weekly Mortgage Applications Survey of the Mortgage Bankers Association -- with data for the week ending May 11, 2012 -- was released May 16.

  • The Market Composite Index, a measure of mortgage application volume, increased 9.2% on a seasonally adjusted basis from the week earlier.
  • The Purchase Index decreased 2.4%.
  • The Refinance Index is up 13%.

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

For additional information, visit MBA's web site:

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