Overall Mortgage Applications Down, With Refi Share on Weeks-Long Decline

Overall Mortgage Applications Down, With Refi Share on Weeks-Long Decline

Mortgage applications decreased 6.3% for the week ending Oct. 15, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.

Key takeaways:

– The Market Composite Index, a measure of mortgage loan application volume, decreased 6.3% on a seasonally adjusted basis from the previous week
– Unadjusted, the index decreased 6% compared …read more