Mortgage Bankers' Assoc. - Weekly

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%
2008 - 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