fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107


Mortgage Industry News

« Return to Mortgage Industry News

Mortgage Apps Decline as Rates Remain Elevated

Wednesday, November 25, 2015

Mortgage applications were a bit of a mixed bag during the week ended November 20, a week in a hammock strung between two holidays.  The Mortgage Bankers Association said its Market Composite Index, a measure of application activity, was down by 3.2 percent on a seasonally adjusted basis from the previous week but increased by 6 percent on an unadjusted basis.  The data from the week ended on November 13 had included an adjustment for that week's Veterans' Day holiday.

The Refinance Index decreased 5 percent from the previous week and the refinance share of all mortgage applications increased very slightly, from 58.6 percent to 58.7 percent.

Read Full Article


"Josh and Eric were great to work with. As first time home buyers, it was no understatement to say we 'knew nothing' about anything involved with the home buying process. Josh was always a phone call away for all of our questions. At one point during the process Josh said to us, 'everything is taken care, just sit back and relax!' He was right! We got into our first home much easier and cheaper than we anticipated. We are very pleased with the entire process and would highly recommend using Josh and Eric when buying a home!"
Bryant & Tayli