Mortgage Apps: Down to Four-Year Low, Highest Rates Since 2010


The week ended November 2 was another week of retreat for mortgage applications as the Mortgage Bankers Association’s (MBA’s) Market Composite Index dropped by 4.0 percent on a seasonally adjusted basis. This brought the index to its lowest level since December 2014. The index was down 2.0 percent on an unadjusted basis compared to the previous week.

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