fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107


Mortgage Industry News

« Return to Mortgage Industry News

Mortgage Application Volume Returns to Downhill Track

Wednesday, May 15, 2019

One week after posting the first positive results in five weeks, mortgage application activity fell off again.  The Mortgage Bankers Association (MBA) said today that its Market Composite Index, a measure of application volume, decreased 0.6 percent on a seasonally adjusted basis during the week ended May 11.  On an unadjusted basis the decline was 1.0 percent. Both the adjusted and unadjusted Purchase Indices dipped 1.0 percent from the previous week.  The unadjusted index was 7.0 percent higher than during the same week in 2018.


Read Full Article


"Smith/Brandt Home Mortgage Consultants are a great resource for anyone ready to buy a new home! They were there to answer any and all questions before and after closing. They made the home loan process smooth, painless, and easy to understand which was greatly appreciated being a first time home buyer! Thanks again to the both of you for all of your help and guidance!"