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Mortgage Application Levels Drop as Rates Rise

(Mortgage News Daily) - 1 years, 2 months ago
 Posted To: MND NewsWireThe volume of both purchase and refinancing applications moved lower last week , The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, recorded a seasonally adjusted decline of 2.5 percent in overall activity during the week ended April 27. Unadjusted, the volume was 2.0 percent lower than the previous week. Refi Index vs 30yr Fixed Purchase Index vs 30yr Fixed The index measuring applications for home purchase financing was down...
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