Finally an “Up” Week for Mortgage Applications

The Market Composite Index, a measure of loan application volume had its first positive week since June 6 last week, increasing 2.4 percent on a seasonally adjusted basis from the previous week. The Mortgage Bankers Association (MBA) said its unadjusted volume index also finished the week ended July 18 with an increase, up 3 percent. All other weekly indicators also rose, the first time that has happened since January 10.

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