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Mortgage Application Volume Falls Back into Old Pattern

(Mortgage News Daily) - 8 months, 3 weeks ago
 Posted To: MND NewsWireThe sharp uptick in mortgage applications during the week ended June 15 was short lived. The Mortgage Bankers Association (MBA) reported a strong reversal last week which nearly wiped out that 5.1 percent increase in the Market Composite Index, a measure of mortgage loan application volume, The 4.9 percent loss in the seasonally adjusted index during the week ended June 22 put it back on the downward glide path it has pursued since the beginning of the year. Volume fell by...
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