MBA: Mortgage Applications Down Last Week
Washington, D.C.–Mortgage applications dropped in the week ending Feb. 15, according to the Washington, D.C.-based Mortgage Bankers Association.The market composite index–which gages mortgage loan application volume–in the group’s weekly survey was 822.8, a decline of 22.6 percent on a seasonally adjusted basis from the week before, the Boston Herald reports.The index was up 33.9 percent…
Washington, D.C.–Mortgage applications dropped in the week ending Feb. 15, according to the Washington, D.C.-based Mortgage Bankers Association.The market composite index–which gages mortgage loan application volume–in the group’s weekly survey was 822.8, a decline of 22.6 percent on a seasonally adjusted basis from the week before, the Boston Herald reports.The index was up 33.9 percent on an unadjusted basis from the same week in 2007, the MBA said.
