Posted To: MND NewsWire

Despite newly lower interest rates, mortgage applications were lower during the week ended July 30. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, was 1.7 percent lower on a seasonally adjusted basis than the previous week and was down 2 percent on an unadjusted basis. The Refinance Index was also lower, declining by 2 percent from the previous week and was 3 percent lower than the same week one year ago. Refinancing continued to dominate activity with a 67.6 percent share of total applications, up from 67.5 percent during the week ended July 23. The Purchase Index decreased 2 percent on both an adjusted and unadjusted basis from the prior week. The unadjusted index was 18 percent lower than the same week in 2020. Refi…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Published On: August 4, 2021 / Categories: Mortgage News /

Subscribe To Receive The Latest News

Curabitur ac leo nunc. Vestibulum et mauris vel ante finibus maximus.

Thank you for your message. It has been sent.
There was an error trying to send your message. Please try again later.

Add notice about your Privacy Policy here.