Quick Contact

Your Name (required)

Your Phone (required)

Your Email (required)

Your Message


Type this number below.

Pre-Holiday Mortgage Applications Dip Slightly, Rates Flat

Purchase applications increased slightly during the week ended August 31, but overall mortgage activity fell slightly according to the Mortgage Bankers Association (MBA).  Its Market Composite Index, a measure of application volume, was down 0.1 percent on a seasonally adjusted basis compared to the prior week.  On an unadjusted basis the index lost 2.0 percent. Purchase mortgage activity gained 1.0 percent on a seasonally adjusted basis heading into the Labor Day weekend but was down 2.0 percent unadjusted.  The unadjusted index held on to a 2.0 percent advantage over the same week in 2017.

 

...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Comments are closed.