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Refi Applications Near 10-Year Low, But Purchases Improve

(Mortgage News Daily) - 6 months, 1 weeks ago
 Posted To: MND NewsWirePurchase mortgage applications continued to gain strength during the week that ended March 16 but failed to compensate for a declining volume of refinancing activity. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, was 1.1 percent lower on a seasonally adjusted basis than during the week ended March 9. On an unadjusted basis the index was down 1.0 percent. The volume of applications for home purchase financing was up...
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