Purchase Apps Fall To Slowest Pace In A Month

Purchase Apps Fall To Slowest Pace In A Month

ByTMN Editor Reading Time: 2 minutes

Mortgage applications fell last week, wiping out the prior week’s gains, as purchase applications dropped to their slowest pace in a month. The Mortgage Bankers Association’s weekly survey shows the adjusted Market Composite Index – a measure of mortgage loan application volume – decreased by 6.3%, changing course after last week’s 6.3% increase. Adjusted purchase…

Purchase Apps, Refis See Boost As Rates Retreat

Purchase Apps, Refis See Boost As Rates Retreat

ByTMN Editor Reading Time: 2 minutes

Both purchase applications and refis saw increases as rates fell for a fifth consecutive week. The Mortgage Bankers Association’s weekly survey shows the adjusted Market Composite Index – a measure of mortgage loan application volume – rose by 7.4%. Adjusted purchase applications increased by 3%, while the unadjusted index was up 4% from the week before and…

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