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Refi Applications Strengthened on Last Week's Lower Rates

(Mortgage News Daily) - 1 years ago
 Posted To: MND NewsWireA decline in purchase mortgage applications cancelled out most of a moderate increase in refinancing during the week ended July 21. Nonetheless, the Mortgage Bankers Association said its Market Composite Index eked out a slight gain. The Index was up 0.4 percent on a seasonally adjusted basis and 1.0 percent unadjusted. The Refinance Index rose for the second straight week, increasing by 3.0 percent compared to the week ended July 14. The refinance share of the business wa...
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