Mortgage Apps Decreased 0.3%
February 29, 2012 – The Mortgage Bankers Association (MBA) released mortgage applications decreased 0.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 24, 2012. This week’s results are adjusted for …
Refi % of Apps Decreased To 77.9%
February 29, 2012 – The Mortgage Bankers Association reported that the refinance share of mortgage activity decreased to 77.9 percent of total applications from 80.1 percent the previous week. This is the lowest refinance share since December 2, 2011, and the first time the measure …
30 Year Fixed Rate Increased To 4.07%
February 29, 2012 – The Mortgage Bankers Association reported that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) decreased to 4.07 percent from 4.09 percent, with points decreasing to 0.51 from 0.53 (including the origination fee) for …
Consumer Confidence Index Increased To 70.8
February 28, 2012 – The Conference Board Consumer Confidence Index®, which had decreased in January, increased in February. The Index now stands at 70.8 (1985=100), up from 61.5 in January. The Present Situation Index increased to 45.0 from 38.8. The Expectations Index rose to 88.0 …
HELOC Outstanding Balances and Available Credit
February 27, 2012, The Federal Reserve Bank of New York Credit Panel released their quarterly data on consumer credit. HELOC Outstanding balances decreased slightly for the quarter to $627 Billion, and the HELOC Revolving Credit Available decreased slightly to $508 Billion. View PDF of Actual …
Quarterly Transition Rates For 30-59 Day Delinquent
February 27, 2012 – The Federal Reserve Bank of New York reported that about 2.2% of current mortgage balances transitioned into delinquency during 2011Q4, reinstating the recent trend of reductions in this measure, which had been temporarily reversed in 2011Q3. The rate of transition from …
Total Household Delinquency Rates Decreased Slightly in 4Q 2011
February 27, 2012 – The Federal Reserve Bank of New York reported that after a mild uptick in 2011Q3, total household delinquency rates resumed their downward trend in 2011Q4. As of December 31, 9.8% of outstanding debt was in some stage of delinquency, compared to …
Consumer Debt Fell Slightly in 4Q 2011
February 27, 2012 – The Federal Reserve Bank of New York reported that aggregate consumer debt fell slightly in the fourth quarter. As of December 31, 2011, total consumer indebtedness was $11.53 trillion, a reduction of $126 billion (1.1%) from its September 30, 2011 level.2 …
Washington Index Down 1.88%
On February 28, 2012 S&P announced the updated Case-Shiller Index for December 2011. Overall the Washington index was 180.24; the Month over Month Change was at (-1.88%). The Year-over-year Change was down 3.19%. View Actual PDF of Press Release
Tampa Index Up 0.31%
On February 28, 2012 S&P announced the updated Case-Shiller Index for December 2011. Overall the Tampa index was 124.63; the Month over Month Change was at (0.31%). The Year-over-year Change was down around 4.30%. View Actual PDF of Press Release
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