Mortgage Applications Drift Aimlessly With Rates


Posted To: MND NewsWire

Mortgage applications continued their modest downward track during the week ended August 19. The Mortgage Bankers Association said its Market Composite Index, a measure of application volume, fell 2.1 percent on a seasonally adjusted basis from the previous week, the fourth out of five weeks it has declined. The Index was down 3 percent on an unadjusted basis. The share of applications that were for refinancing slipped to 62.2 percent from 62.6 percent and the Refinance Index decreased 3 percent from the previous week. The seasonally adjusted Purchase Index lost 0.3 percent and the unadjusted Purchase Index was down 2 percent compared with the week ended August 12. Purchases were 8 percent higher than during the same week in 2015. Refi Index vs 30yr Fixed Purchase Index vs 30yr Fixed The FHA…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Show Buttons
Hide Buttons