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Refi Applications Did Last Week's Heavy Lifting, ARMs Getting Bigger

(Mortgage News Daily) - 1 years, 2 months ago
 Posted To: MND NewsWireThe strong performance of purchase mortgage applications during the week ended February 23 didn't last long, and overall mortgage activity barely stayed in positive territory last week. A modest increase in refinancing allowed the Mortgage Bankers Association's (MBA's) Market Composite Index to eke out an 0.3 percent increase on a seasonally adjusted basis during the week ended March 2 while the unadjusted index gained 13 percent. The latter reflected a reco...
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