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Industry: Email Alert RSS FeedMortgage Applications Indexes Mortgage Bankers Association of America
Mortgage Banking, Oct, 2002
Vital Statistics
MORTGAGE APPLICATIONS INDEXES MORTGAGE BANKERS ASSOCIATION OF AMERICA
MARKET COMPOSITES
(Unadjusted)
Market Purchase Refinance FRM ARM
Index Index Index Index Index
AUG-01 554.7 319.0 1,925.9 511.5 1,459.6
SEP-01 599.5 272.6 2,500.8 560.0 1,426.3
OCT-01 870.8 255.6 4,449.2 829.5 1,735.0
NOV-01 861.6 260.3 4,359.0 820.7 1,717.3
DEC-01 454.2 216.0 1,839.5 415.6 1.261.9
JAN-02 490.6 260.6 1,828.7 435.4 1,646.8
FEB-02 555.0 320.5 1,919.1 493.9 1,834.4
MAR-02 557.5 369.2 1,652.8 496.9 1,827.7
APR-02 528.3 390.6 1,328.4 465.9 1,833.2
MAY-02 562.1 400.6 1,501.3 491.5 2,039.8
JUN-02 663.0 407.5 2,148.9 568.4 2,643.0
JUL-02 788.7 373.2 3,205.6 674.5 3,178.8
AUG-02 1,084.5 378.6 5,190.3 968.7 3,507.8
(Seasonally Adjusted)
Market Purchase Refinance FRM ARM
Index Index Index Index Index
AUG-01 542.7 304.9 1,925.9 500.4 1,427.5
SEP-01 636.6 296.3 2,615.6 594.5 1,516.9
OCT-01 904.1 272.0 4,580.5 861.1 1,804.4
NOV-01 946.0 315.0 4,616.1 900.6 1,896.5
DEC-01 557.5 315.0 1,967.9 509.7 1,558.4
JAN-02 603.7 356.2 2,043.1 535.8 2,023.6
FEB-02 557.7 315.3 1,967.2 496.3 1,842.6
MAR-02 522.6 328.2 1,652.8 465.7 1,712.4
APR-02 491.4 347.5 1,328.4 433.4 1,705.5
MAY-02 544.6 369.2 1,565.2 476.3 1,975.3
JUN-02 633.7 373.2 2,148.9 543.3 2,526.8
JUL-02 818.4 374.3 3,401.8 700.2 3,294.3
AUG-02 1,069.1 360.6 5,190.3 955.2 3,454.5
CONVENTIONAL MARKET
(Unadjusted)
Market Purchase Refinance FRM ARM
Index Index Index Index Index
AUG-01 723.8 402.5 2,030.0 653.6 2,162.1
SEP-01 793.7 339.1 2,642.4 728.4 2,133.3
OCT-01 1,205.2 315.6 4,822.4 1,138.1 2,583.2
NOV-01 1,200.3 328.4 4,745.3 1,135.6 2,527.6
DEC-01 617.7 278.6 1,996.1 561.1 1,776.6
JAN-02 657.5 337.5 1,958.2 576.1 2,325.0
FEB-02 739.7 414.9 2,060.2 647.5 2,630.9
MAR-02 738.0 481.7 1,779.9 647.5 2,593.1
APR-02 703.7 521.7 1,443.3 610.4 2,615.3
MAY-02 756.8 540.2 1,637.8 650.9 2,929.8
JUN-02 918.3 557.0 2,387.8 773.0 3,899.2
JUL-02 1,121.9 512.5 3,599.7 944.5 4,760.2
AUG-02 1,568.4 522.1 5,822.2 1,385.4 5,320.0
(Seasonally Adjusted)
Market Purchase Refinance FRM ARM
Index Index Index Index Index
AUG-01 709.5 384.7 2,030.0 640.7 2,118.8
SEP-01 841.7 368.7 2,764.6 772.3 2,266.0
OCT-01 1,249.8 335.9 4,965.4 1,179.9 2,682.5
NOV-01 1,312.5 398.1 5,030.3 1,241.3 2,773.4
DEC-01 746.8 406.0 2,132.5 677.8 2,161.7
JAN-02 801.5 460.6 2,187.2 702.2 2,835.6
FEB-02 744.5 408.1 2,112.1 651.7 2,647.7
MAR-02 695.1 428.3 1,779.9 609.9 2,441.2
APR-02 657.5 464.2 1,443.3 570.3 2,443.6
MAY-02 736.5 497.7 1,707.7 633.5 2,850.1
JUN-02 880.8 510.1 2,387.8 741.3 3,740.2
JUL-02 1,166.2 513.9 3,818.4 981.9 4,944.6
AUG-02 1,548.4 497.3 5,822,2 1,368.0 5,247.7
GOVERNMENT MARKET
(Unadjusted)
Market Purchase Refinance FRM ARM
Index Index Index Index Index
AUG-01 272.6 199.6 1,386.2 274.8 225.4
SEP-01 275.3 177.6 1,766.7 279.5 184.1
OCT-01 312.6 169.6 2,494.9 315.8 244.0
NOV-01 296.4 163.0 2,331.6 296.5 293.6
DEC-01 181.4 126.6 1,017.7 173.3 357.4
JAN-02 212.2 150.6 1,151.7 201.0 454.6
FEB-02 247.0 185.7 1,182.1 237.8 447.4
MAR-02 256.3 208.3 988.0 245.9 481.6
APR-02 235.5 203.3 726.4 225.3 457.4
MAY-02 237.0 201.1 785.2 226.1 475.2
JUN-02 236.8 194.0 890.2 227.8 432.9
JUL-02 232.6 174.1 1,126.1 225.1 396.0
AUG-02 277.1 173.6 1,857.5 275.1 320.1
(Seasonally Adjusted)
Market Purchase Refinance FRM ARM
Index Index Index Index Index
AUG-01 264.3 190.9 1,386.2 266.5 218.2
SEP-01 294.2 192.7 1,843.0 298.7 197.2
OCT-01 327.3 180.6 2,565.2 330.5 256.3
NOV-01 334.4 196.3 2,441.2 333.9 343.8
DEC-01 241.6 185.1 1,105.3 230.6 482.3
JAN-02 273.6 206.9 1,290.1 259.5 579.8
FEB-02 245.9 182.7 1,210.0 236.7 445.0
MAR-02 234.6 185.2 988.0 225.1 440.8
APR-02 214.4 180.9 726.4 205.1 416.5
MAY-02 224.3 185.5 817.3 214.0 448.9
JUN-02 221.5 177.7 890.2 213.1 405.1
JUL-02 238.0 174.7 1,203.9 230.3 405.8
AUG-02 269.3 165.3 1,857.5 267.5 310.1
KEY ECONOMIC INDICATORS AND INTEREST RATES
CHANGES IN CONSUMER
PRICES FROM YEAR (2)
AGO LEVELS (%)
CHANGE IN
PAYROLL UNEMPLOYMENT ALL ITEMS
EMPLOYMENT RATE LESS FOOD
(THOUSANDS) (%) ALL ITEMS AND ENERGY
AUG-01 -79 4.9 2.7 2.6
SEP-01 -147 5.0 2.6 2.6
OCT-01 -405 5.4 2.1 2.6
NOV-01 -327 5.6 1.9 2.7
DEC-01 -197 5.8 1.5 2.7
JAN-02 -19 5.6 1.1 2.6
FEB-02 -165 5.5 1.1 2.5
MAR-02 -5 5.7 1.4 2.4
APR-02 -21 6.0 1.6 2.5
MAY-02 22 5.8 1.2 2.5
JUN-02 34 5.9 1.1 2.3
JUL-02 67 5.9 1.5 2.3
AUG-02 39 5.7 NA NA
MORTGAGE INTEREST RATES (%)
MBA MORTGAGE
APPLICATIONS SURVEY
FHLMC
FRMs ARMs
AUG-01 6.88 5.67
SEP-01 6.63 5.45
OCT-01 6.54 5.22
NOV-01 6.68 5.35
DEC-01 7.15 5.45
JAN-02 6.92 5.22
FEB-02 6.80 5.06
MAR-02 7.06 5.20
APR-02 6.89 4.98
MAY-02 6.70 4.70
JUN-02 6.53 4.28
JUL-02 6.34 4.02
AUG-02 6.13 4.20
RATES ON SELECTED SECURITIES (%)
PRIME U.S. GOVERNMENT
COMMERCIAL
FEDERAL PAPER
FUNDS RATE (3-Month) 6-Month 1-Year 3-Year
AUG-01 3.65 3.42 3.29 3.47 4.04
SEP-01 3.07 2.81 2.63 2.82 3.45
OCT-01 2.49 2.28 2.12 2.33 3.14
NOV-01 2.09 1.97 1.88 2.18 3.22
DEC-01 1.82 1.78 1.78 2.22 3.62
JAN-02 1.73 1.70 1.73 2.16 3.56
FEB-02 1.74 1.79 1.82 2.23 3.55
MAR-02 1.73 1.86 2.01 2.57 4.14
APR-02 1.75 1.81 1.93 2.48 4.01
MAY-02 1.75 1.78 1.86 2.35 3.80
JUN-02 1.75 1.76 1.79 2.20 3.49
JUL-02 1.73 1.75 1.70 1.96 3.01
AUG-02 1.74 1.70 1.60 1.76 2.52
U.S.
GOVERNMENT
10-Year
AUG-01 4.97
SEP-01 4.73
OCT-01 4.57
NOV-01 4.65
DEC-01 5.09
JAN-02 5.04
FEB-02 4.91
MAR-02 5.28
APR-02 5.21
MAY-02 5.16
JUN-02 4.93
JUL-02 4.65
AUG-02 4.26
HOUSING ACTIVITY
RESIDENTIAL STRUCTURES
(Units in Thousands, Seasonally Adjusted Annual Rates)
BY TYPE OF UNIT
HOUSING STARTS BUILDING PERMITS
1-4 5 1-4 5
Total Units Units Total Units Units
AUG-01 1,562 1,301 261 1,606 1,304 302
SEP-01 1,582 1,309 273 1,570 1,255 315
OCT-01 1,531 1,271 260 1,566 1,242 324
NOV-01 1,604 1,279 325 1,659 1,300 359
DEC-01 1,583 1,311 272 1,702 1,337 365
JAN-02 1,713 1,411 302 1,686 1,371 315
FEB-02 1,788 1,515 273 1,766 1,443 323
MAR-02 1,675 1,347 328 1,629 1,322 307
APR-02 1,566 1,288 278 1,631 1,329 302
MAY-02 1,742 1,417 325 1,676 1,337 339
JUN-02 1,695 1,397 298 1,706 1,375 331
JUL-02 1,649 1,348 301 1,712 1,350 362
AUG-02 NA NA NA NA NA NA
BY REGION
HOUSING STARTS BUILDING
PERMITS
Northeast Midwest South West Northeast
AUG-01 157 347 676 382 162
SEP-01 138 287 747 410 151
OCT-01 145 316 730 340 165
NOV-01 168 364 701 371 161
DEC-01 141 342 708 392 170
JAN-02 162 352 814 385 165
FEB-02 143 371 832 442 201
MAR-02 165 343 767 400 143
APR-02 132 277 786 371 157
MAY-02 163 366 800 413 173
JUN-02 179 343 774 399 168
JUL-02 158 363 746 382 172
AUG-02 NA NA NA NA NA
BY REGION
BUILDING PERMITS
Midwest South West
AUG-01 319 711 414
SEP-01 313 702 404
OCT-01 310 704 387
NOV-01 354 760 384
DEC-01 369 767 396
JAN-02 366 769 386
FEB-02 349 812 404
MAR-02 319 764 403
APR-02 334 733 407
MAY-02 332 754 417
JUN-02 338 795 405
JUL-02 337 799 404
AUG-02 NA NA NA
HOME SALES
(Units and Prices in thousands)
EXISTING HOMES NEW HOMES
Median
Median Sales
Sold Sales Sold Price
(SAAR) Price (Dollars) (SAAR) (Dollars)
AUG-01 5,490 153.7 871 173.7
SEP-01 5,010 147.4 856 166.4
OCT-01 5,270 145.4 865 171.3
NOV-01 5,250 147.1 938 168.1
DEC-01 5,200 153.1 979 180.2
JAN-02 6,050 150.3 870 187.1
FEB-02 5,890 149.4 937 191.1
MAR-02 5,410 153.2 915 183.4
APR-02 5,770 154.5 931 187.6
MAY-02 5,740 155.0 978 178.4
JUN-02 5,100 163.9 953 186.2
JUL-02 5,330 162.8 1,017 170.5
AUG-02 NA NA NA NA
HOME SALES VALUE OF NEW PRIVATE
(Units and CONSTRUCTION PUT IN PLACE
Prices in
thousands)
NEW HOMES (Units in Billions of 1987 Dollars,
Seasonally Adjusted Annual Rates)
Month's Supply
at Current
Sales Rate Total (4) I-Unit 2 Units
AUG-01 4.3 542.1 208.1 25.4
SEP-01 4.4 538.9 207.1 25.1
OCT-01 4.4 531.3 205.3 25.1
NOV-01 4.0 526.9 203.9 26.2
DEC-01 3.7 527.1 203.9 26.8
JAN-02 4.4 536.3 205.2 28.9
FEB-02 4.0 542.7 212.4 27.7
MAR-02 4.2 539.0 213.3 27.4
APR-02 4.2 540.1 212.4 28.6
MAY-02 4.1 526.6 212.6 27.9
JUN-02 4.2 519.8 212.2 27.3
JUL-02 3.9 519.2 213.0 26.6
AUG-02 NA NA NA NA
VALUE OF NEW
PRIVATE
CONSTRUCTION PUT
IN PLACE
(Units in
Billions of 1987
Dollars,
Seasonally
Adjusted Annual
Rates)
Nonresidential
AUG-01 161.5
SEP-01 158.5
OCT-01 156.0
NOV-01 152.1
DEC-01 151.0
JAN-02 152.1
FEB-02 149.9
MAR-02 146.3
APR-02 147.1
MAY-02 138.8
JUN-02 134.1
JUL-02 131.4
AUG-02 NA
NA -- Not Available
SAAR -- Seasonally Adjusted Annual Rate
(1)Secondary market gross yields. Numbers shows for each month are the
average of yields from the first day of the month shown and the first
day of the subsequent month.
(2)In addition to the categories shown, the total also includes private
pension funds, private MBS conduits, state and local retirement funds,
federal credit agencies, mortgage pools, and state and local investment
agencies.
(3)Savings & Loans and Mutual Savings Banks.
(4)In addition to the categories of private construction shown, the
total also includes these categories: residential improvements,
railroads, electric light and power, gas, telephone and telegraph,
petroleum pipelines, and farm nonresidential.
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