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Purchases Drag Down Mortgage Application Volume

(Mortgage News Daily) - 1 years, 3 months ago
 Posted To: MND NewsWireA decline in applications for home purchases nearly overwhelmed the gain made by refinancing activity during the week ended August 11. The Mortgage Bankers Association reported that its Market Composite Index, a measure of application volume, managed to increase a meager 0.1 percent on a seasonally adjusted basis when compared to the previous week. The unadjusted index fell 1 percent. The seasonally adjusted Purchase Index decreased 2 percent from one week earlier and the ...
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