Mortgage Application Volume back to pre-Holiday Levels

The Mortgage Bankers Association’s (MBA) Market Composite Index notched another decline during the week ended July 11, the fifth straight down week for the index which measures the volume of mortgage applications. The index decreased 3.6 percent on a seasonally adjusted basis from the week ended July 4. The prior week’s numbers included an adjustment for the July 4 holiday. On an unadjusted basis the index was up 20 percent from the previous week, rebounding from the 19 point loss of the short holiday week.

Leave a Reply

Your email address will not be published. Required fields are marked *