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Mortgage Application Volume Ignores Holiday, Purchases Make Strong Showing

(Mortgage News Daily) - 7 months, 1 weeks ago
 Posted To: MND NewsWireDespite the Independence Day holiday which both shortened and bisected the week, mortgage activity rallied significantly during the week ended July 6. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage application volume, increased 2.5 percent on a seasonally adjusted basis compared to the week ended June 30. The holiday did take a toll on the unadjusted numbers with the overall index dropping 18 percent. The week's results were dr...
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