MGIC Investment Corp. (MTG)

[tommiegun54]

GOOD DAY TO BE IN PMI BUSINESS: APPS RISE, RATES DOWN, HOME PRICES RISE

Sun is shining on PMI BUSINESS AS STARS ALIGN.

NOVEMBER HOME PRICES HIGHEST IN 10 MONTHS
http://www.mortgagenewsdaily.com/01082020_corelogic_hpi.asp


MORTGAGE NEWS DAILY
BY: JANN SWANSON
Mortgage Applications Start Year on Positive
Jan 8 2020, 5:54AM

"The Mortgage Banker Association's (MBA's) offices were closed over the two-week holiday period. The data in this week's report on mortgage applications activity is compared with that from the last published report covering the week ended December 20.

MBA's Market Composite Index, a measure of mortgage loan application volume was down 1.5 percent on a seasonally adjusted basis compared to the previous report. On an unadjusted basis, the Index was 22 percent lower.

The Refinance Index was down 8 percent from the last report while remaining elevated from the same week a year earlier by 74 percent. The seasonally adjusted Purchase Index increased 5 percent although it was down 14 percent on an unadjusted basis from the December 20 period. Purchase applications were 2 percent higher than the same week one year earlier."