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Mortgage Apps Decline
Wednesday, September 30, 2015
Application volumes fell even as interest rates were in a holding pattern
during the week ended September 25. The
Mortgage Bankers Association (MBA) said that mortgage applications as measured
by its Market Composite Index decreased during the week by 6.7 percent on a
seasonally adjusted basis and 7 percent unadjusted.
The Refinance Index was down 8 percent
from the week ended September 18 and the refinancing share of all applications
fell slightly from 58.4 percent to 58.0 percent. Both seasonally adjusted and unadjusted
Purchase Indices were down 6.0 percent but the unadjusted index remained 20
percent higher than during the same week in 2014.
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