30-yr Fixed Rate Mortgage | 15-yr Fixed Rate Mortgage | 1-yr Treasury Indexed ARMs | MBA Refi Index | Home Purchase Index | |
Week ending 05/07/04 | 6.12% | 5.47% | 3.76% | 2516.0 | 482.5 |
Week ending 04/30/04 | 6.01% | 5.35% | 3.75% | 2403.0 | 463.5 |
One Year Ago | 5.62% | 4.97% | 3.66% | ||
Refinancings made up 44.0% of the total volume of mortgage loan applications, remaining steady from last week. Base period for indexes 3/16/90 = 100 |
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Notes A, B and C benefit from credit enhancement amounting to 33.3%, 16.2% and 7.0%, and the deal's capital structure will repay investors on a combined pro-rata and sequential basis.
May 7 -
Originators increased program offerings for the fifth consecutive month, but overall credit availability remains tight, the Mortgage Bankers Association said.
May 7 -
The top five issuers in the pool represent 4.73% of the pool, which is noticeably more diversified compared with the 12.50% concentration, according to Fitch's stressed portfolio at initial expected matrix point.
May 7 -
Rep. Andy Barr, R-Ky., is introducing a bill to establish an Office of Supervisory Appeals at each of the banking regulators that would give banks more power over the appeals process.
May 7 -
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
May 6 -
Under the capital structure the senior notes will be repaid on a pro rata basis. Otherwise, the notes in the structure will benefit from excess spread and a senior-subordinate structure.
May 6