WASHINGTON, D.C. (April 18, 2007) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 13, 2007. The Market Composite Index, a measure of mortgage loan application volume, was 630.6, a decrease of 2.5 percent on a seasonally adjusted basis from 646.6 one week earlier. On an unadjusted basis, the Index decreased 2.2 percent compared with the previous week and was up 9.9 percent compared with the same week one year earlier. "Since the survey covered the week after the Easter weekend, it is likely that home sales were a little lower, and thus, possibly impacted purchase applications last week.” said Vincent Varma, Director of Industry Surveys at the Mortgage Bankers Association. The Refinance Index decreased 0.3 percent to 2008.4 from 2015 the previous week and the seasonally adjusted Purchase Index decreased 4.2 percent to 396.5 from 413.8 one week earlier. The seasonally adjusted Conventional Index decreased 2.3 percent to 931.3 from 953.5 the previous week, and the seasonally adjusted Government Index decreased 4.1 percent to 129.3 from 134.8 the previous week. The four week moving average for the seasonally adjusted Market Index is down 1.6 percent to 649.4 from 659.8. The four week moving average is down 0.9 percent to 406.1 from 409.6 for the Purchase Index, while this average is down 2.3 percent to 2079.8 from 2129.9 for the Refinance Index. The refinance share of mortgage activity increased to 43.6 percent of total applications from 42.8 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 18.1 from 18.7 percent of total applications from the previous week. The average contract interest rate for 30-year fixed-rate mortgages increased to 6.22 percent from 6.16 percent, with points decreasing to 1.22 from 1.39 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.92 from 5.91 percent, with points increasing to 1.18 from 1.15 (including the origination fee) for 80 percent LTV loans. The average contract interest rate for one-year ARMs increased to 5.89 from 5.88 percent, with points decreasing to 0.7 from 0.75 (including the origination fee) for 80 percent LTV loans. ![](http://www.markt-daten.de/Kalender/Chart/Indikatoren/mba-gesamt.gif)
Servus, J.B. "Second thoughts are ever wiser." (Euripides)
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