Quick Contact

Your Name (required)

Your Phone (required)

Your Email (required)

Your Message


Type this number below.

Refi Applications at 8-Year Low

Mortgage activity slowed again last week. The Mortgage Bankers Association said its Market Composite Index, which measures the volume of mortgage loan applications, was down on a seasonally adjusted basis by 2.7 percent during the week ended May 11 compared to a week earlier. It was the fourth consecutive week the composite lost ground.  The index was down 3.0 percent on an unadjusted basis. Both the adjusted and unadjusted Purchase Indices fell 2 percent.  The unadjusted index remained 4.0 percent higher than during 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.