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Application Volumes Rise Despite Surging Rates

(Mortgage News Daily) - 5 months, 4 weeks ago
 Posted To: MND NewsWireMortgage activity continued strong during the second week of the New Year. The Mortgage Bankers Association (MBA) reports that its Market Composite Index, a measure of loan application volume, increased 4.1 percent on a seasonally adjusted basis during the week ended January 12. Volume on an unadjusted basis was up 32 percent, as the index readjusted from its downturn during the holiday week ended January 5. The seasonally adjusted Purchase Index rose 3 percent from a week...
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