Posted To: MND NewsWire
Mortgage application volume during the week ended January 29 was again either disappointing or much improved depending on whether one viewed it on an adjusted verses an unadjusted basis due to the intervention of yet another holiday period. The Mortgage Brokers Association said its Market Composite Index, a measure of loan application volume, was down 2.6 percent on a seasonally adjusted basis during the week ended January 29 compared to a week earlier. Results for the week ended January 22 had been further adjusted to account for the Martin Luther King holiday. On an unadjusted based the overall index increased by 11 percent. The Refinancing Index had a 0.3 percent uptick and the refinancing share of all applications eked out a 0.2 percent gain to 59.2 percent compared to the previous week...(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/1PRLH70
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