Application Volume Up....and Down.

Posted To: MND NewsWire

Mortgage applications during the week ended October 23 decreased 3.5 percent on a seasonally adjusted basis from the previous week the Mortgage Bankers Association said today. Its Market Composite Index for the week increased 7 percent on an unadjusted basis. Data for the week was adjusted to account for the Columbus Day holiday. The Refinance Index decreased 4 percent from the week ended October 16 while the refinance share of applications remained the same as the previous week, 59.4 percent. The seasonally adjusted Purchase Index decreased 3 percent from one week earlier while the unadjusted Purchase Index increased 7 percent week-over-week and was 23 percent higher than the same week in 2014. Refinance Index vs 30 Yr Fixed Purchase Index vs 30 Yr Fixed Applications for government backed...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Mortgage News Daily http://ift.tt/1O7mV7E