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Refinancing Drives Application Volume Lower During Quiet Week

(Mortgage News Daily) - 11 months, 1 weeks ago
 Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) said mortgage applications were down during the week ended October 6, falling 2.1 percent from the previous week on a seasonally adjusted basis and 2 percent unadjusted. The downturn in MBA's Market Composite Index, which measures application volume, was primarily due to fewer applications for refinancing. The Refinancing Index was 4 percent below its level during the week ended September 29. The share of applications for refinan...
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