Mortgage Applications Just Barely Stay Positive

Mortgage Applications Just Barely Stay Positive

ByTMN Editor Reading Time: 2 minutes

Mortgage applications just barely stayed positive last week, ticking up slightly. The Mortgage Bankers Association’s weekly survey shows the adjusted Market Composite Index – a measure of mortgage loan application volume – increased by 0.5%. Adjusted purchase applications rose by 2%, while the unadjusted index was down 0.1% from the week before and 32% lower…

Interest Rates Rose Last Week, Pushing Applications Down

Interest Rates Rose Last Week, Pushing Applications Down

ByTMN Editor Reading Time: 2 minutes

Interest rates increased last week for the first time in more than a month, pushing mortgage applications down. The Mortgage Bankers Association’s weekly survey says the adjusted Market Composite Index – a measure of mortgage loan application volume – decreased by 8.8%, outstripping last week’s 5.3% increase. Adjusted purchase applications fell by 10%, while the…

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