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Mortgage Applications Stumble, Refi's Remain Strong

(Mortgage News Daily) - 6 months, 3 weeks ago
 Posted To: MND NewsWireThe mortgage volume summary issued by the Mortgage Bankers Association for the week ended December 15, and the last before its two-week Christmas hiatus, reports one of the worst non-holiday related weeks in a long time. The volume of mortgage applications, as measured by MBA's Market Composite Index, was down significantly from the previous week, and the Purchase Index eked out the smallest year-over-year gain since mid-April. The Composite Index decreased 4.9 percen...
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