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Purchase Applications Strengthen; Refis Wallow at Long-Term Lows

(Mortgage News Daily) - 9 months ago
 Posted To: MND NewsWirePurchase mortgage applications held their ground for the third consecutive week, pushing the Mortgage Banker Association's Market Composite Index a bit higher. The Index, a measure of mortgage loan application volume, increased 0.9 percent on a seasonally adjusted basis during the week ended March 9. The Index increased 2 percent on an unadjusted basis. There was a 3 percent gain in the seasonally adjusted Purchase Index. The unadjusted Purchase Index increased 5 perc...
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