Mortgage Applications Decline in the Week Ending September 8th
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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 Applications Survey for the week ending September 8th, the Market Composite Index—a measure of mortgage loan application volume—declined 0.8% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 12.0% compared with the previous week.
The Refinance Index declined 5.0% from the previous week and was 31.0% lower than the same week one year ago.
The seasonally adjusted Purchase Index increased 1.0% from one week earlier. The unadjusted Purchase Index decreased 11.0% compared with the previous week and was 27.0% lower than the same week one year ago.
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