Mortgage Applications Decline in the Week Ending April 28th
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Applications Decrease in Latest MBA Weekly Survey
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey for the week ending April 28th, the Market Composite Index—a measure of mortgage loan application volume—decreased 1.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index declined 0.4% compared with the previous week.
The Refinance Index increased 1.0% from the previous week but was 51.0% lower than the same week one year ago.
The seasonally adjusted Purchase Index decreased 2.0% from one week earlier. The unadjusted Purchase Index declined 1.0% compared with the previous week and was 32.0% lower than the same week one year ago.
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