Mortgage Bankers’ Assoc. – Weekly

David Singer writes:

I was going through the Economic Calendar for tomorrow. I went to The Mortgage Bankers Association (MBA) website and began poking around the place. I found the most recent report. Then I went back to November 2004, and checked out that information…

Two quick observations I find interesting:

2004 – % of total loans that are ARM’s ~35%
2008 – % of total loans that are ARM’s ~3%

2008 – One Year ARM = ~6.6%
30 Year Fixed = ~6.5%

Mortgage Applications Report – November 2004

Mortgage Applications Report – October 2008



SOURCE:
Mortgage Bankers Association (MBA)
Weekly Applications Survey

http://www.mortgagebankers.org/NewsandMedia/PressCenter/65784.htm
October 15, 2008
November 10, 2004

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