Mortgage Application Volume back to pre-Holiday Levels

AppId is over the quota
AppId is over the quota

The Mortgage Bankers Association's (MBA) Market Composite Index notched another decline during the week ended July 11, the fifth straight down week for the index which measures the volume of mortgage applications.  The index decreased 3.6 percent on a seasonally adjusted basis from the week ended July 4.  The prior week's numbers included an adjustment for the July 4 holiday. On an unadjusted basis the index was up 20 percent from the previous week, rebounding from the 19 point loss of the short holiday week.

The Refinance Index was 0.1 percent below that of the previous week and the refinance share of mortgage application activity rose to 54 percent from 52 percent the previous week.

Refinance Index vs 30 Yr Fixed

The seasonally adjusted Purchase Index was down 8 percent to its lowest level since February while unadjusted the index was up 16 percent week over week but was 17 percent lower than during the same week in 2013.  Loans for purchasing purposes averaged $268,500, the lowest amount since February.

Purchase Index vs 30 Yr Fixed

Interest rates were mixed during the week. The average contract rate for 30-year fixed rate mortgages (FRM) with conforming loan balances of $417,000 or less was one basis point higher than during the previous week at 4.33 percent.  Points increased to 0.20 from 0.16 and the effective rate increased.

The contract rate for a jumbo 30-year FRM with principal balances in excess of $417,500 went down one basis point, from 4.24 percent to 4.23 percent.  Points increased from 0.16 to 0.26 and the effective interest rate was up.   

Thirty-year FRM backed by FHA had an average interest rate of 4.04 percent with 0.02 point compared to 4.02 percent with -0.03 point the previous week.  The effective rate increased.

The average contract interest rate for 15-year FRM increased to 3.41 percent from 3.40 percent, with points increasing to 0.23 from 0.22. The effective rate increased from last week.

Adjustable rate mortgages (ARMs) held steady at an 8 percent market share. The average contract interest rate for 5/1 ARMs decreased to 3.17 percent from 3.24 percent, with points increasing to 0.34 from 0.31 and the effective rate decreased.

MBA's data is derived from its Weekly Mortgage Applications Survey which it has conducted since 1990.  The survey covers over 75 percent of all U.S. retail residential mortgage applications, and respondents include mortgage bankers, commercial banks and thrifts. Base period and value for all indexes is March 16, 1990=100 and interest rate information assumes loans with an 80 percent loan to value ratio.  Points include the origination fee.

You can see a list of all comments on MND by clicking the 'Read the Latest Comments' option under the 'Community' menu.

Mortgage Application Volume back to pre-Holiday Levels

AppId is over the quota
AppId is over the quota

The Mortgage Bankers Association's (MBA) Market Composite Index notched another decline during the week ended July 11, the fifth straight down week for the index which measures the volume of mortgage applications.  The index decreased 3.6 percent on a seasonally adjusted basis from the week ended July 4.  The prior week's numbers included an adjustment for the July 4 holiday. On an unadjusted basis the index was up 20 percent from the previous week, rebounding from the 19 point loss of the short holiday week.

The Refinance Index was 0.1 percent below that of the previous week and the refinance share of mortgage application activity rose to 54 percent from 52 percent the previous week.

Refinance Index vs 30 Yr Fixed

The seasonally adjusted Purchase Index was down 8 percent to its lowest level since February while unadjusted the index was up 16 percent week over week but was 17 percent lower than during the same week in 2013.  Loans for purchasing purposes averaged $268,500, the lowest amount since February.

Purchase Index vs 30 Yr Fixed

Interest rates were mixed during the week. The average contract rate for 30-year fixed rate mortgages (FRM) with conforming loan balances of $417,000 or less was one basis point higher than during the previous week at 4.33 percent.  Points increased to 0.20 from 0.16 and the effective rate increased.

The contract rate for a jumbo 30-year FRM with principal balances in excess of $417,500 went down one basis point, from 4.24 percent to 4.23 percent.  Points increased from 0.16 to 0.26 and the effective interest rate was up.   

Thirty-year FRM backed by FHA had an average interest rate of 4.04 percent with 0.02 point compared to 4.02 percent with -0.03 point the previous week.  The effective rate increased.

The average contract interest rate for 15-year FRM increased to 3.41 percent from 3.40 percent, with points increasing to 0.23 from 0.22. The effective rate increased from last week.

Adjustable rate mortgages (ARMs) held steady at an 8 percent market share. The average contract interest rate for 5/1 ARMs decreased to 3.17 percent from 3.24 percent, with points increasing to 0.34 from 0.31 and the effective rate decreased.

MBA's data is derived from its Weekly Mortgage Applications Survey which it has conducted since 1990.  The survey covers over 75 percent of all U.S. retail residential mortgage applications, and respondents include mortgage bankers, commercial banks and thrifts. Base period and value for all indexes is March 16, 1990=100 and interest rate information assumes loans with an 80 percent loan to value ratio.  Points include the origination fee.

You can see a list of all comments on MND by clicking the 'Read the Latest Comments' option under the 'Community' menu.

Une application smartphone pour déclarer ses impôts.

Grâce à l'application, « impots.gouv », disponible sous Android et iPhone, les contribuables pourront la valider leur déclaration préremplie depuis leur mobile.


Cette année, le fisc se met au smartphone. Grâce à une nouvelle application gratuite, «impots.gouv», disponible sous Android et iPhone, les contribuables qui n'ont aucune modification à apporter à leur déclaration préremplie pourront la valider depuis leur téléphone portable.
Les Français reçoivent en effet une déclaration de revenus préremplie, où sont déjà inscrits les salaires, les pensions, des allocations et les revenus de l'épargne. Et nombreux sont ceux qui n'ont rien à ajouter à cela.
Côté Internet classique, le succès ne se dément pas. En 2011, 12 millions de déclarations - sur 36 millions de foyers fiscaux - ont été effectuées en ligne. C'est 15 % de plus qu'en 2010. Pour la déclaration des revenus de 2012, le service de télédéclaration sera ouvert à partir du 26 avril sur www.impots.gouv.fr et clos entre le 7 juin à minuit et le 21 juin à minuit, selon les départements. Les adeptes de la déclaration papier devront, eux, l'avoir retournée avant le 31 mai à minuit.
Autres nouveautés de 2012, les nouveaux mariés et pacsés ne pourront plus déposer trois déclarations de revenus (une chacun avant leur union et une commune après leur union). Ils devront soit faire une déclaration commune pour l'année entière, soit deux déclarations séparées pour l'année entière. En cas de séparation, les ex-conjoints devront déposer deux déclarations séparées pour l'année entière.
Enfin, les contribuables dont le patrimoine est compris entre 1,3 et 3 millions d'euros n'auront plus en 2012 à remplir de déclaration d'ISF: Ils mentionneront leur patrimoine dans une case de la déclaration de revenus complémentaires.