MGIC Investment Corp. (MTG)

[tommiegun53]

REFINANCE ACTIVITY IS BAD NOW, AT NOVEMBER 2008 LEVELS IN FEBRUARY 17, 2017

THE REFINANCE MORTGAGE ACTIVITY IS CRASHING IF, IT WASN'T FOR PURCHASE ACTIVITY, MORTGAGE ACTIVITY WOULD MIRROR "GREAT RECESSION" LEVELS.

MORTGAGE NEWS DAILY
"Refinancing applications had a 46.2 percent share of the total, down from 46.9 percent the week before and the lowest level since November 2008. The refinancing share has declined in every week but two since December 16.

The FHA share of total applications decreased to 11.6 percent from 11.9 percent the previous week while the VA share increased to 12.1 percent from 11.8 percent. The USDA share was 0.9 percent. down from 1.0 percent a week earlier."