Mortgage Applications Drop in the Week Ending February 14th, 2020

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending February 14th, 2020, the Market Composite Index, a measure of mortgage loan applications volume, decreased 6.4% on a SAAR from one week earlier. On an unadjusted basis, the Index decreased 5% compared with the previous week. The Refinance Index decreased 8% from the previous week and was 165% higher than the same week one year ago. The unadjusted Purchase Index decreased 3% compared with the previous week and was 16% higher than the same week one year ago.


FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
Mortgage Applications Decrease in Latest MBA Weekly Survey