According to data from the Mortgage Bankers Association. the Market Composite Index, a measure of mortgage loan application volume, increased 3.8 % on a SAAR basis from one week earlier. On an unadjusted basis, the Index increased 47% compared with the previous week. The Refinance Index increased 9% percent from the previous week and was 146 % 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.