According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending February 28th, 2020, the Market Composite Index, a measure of mortgage loan applications volume, increased 15.1% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 29% when compared with the previous week. The Refinance Index increased 26% from the previous week and was 224% 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.