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Application Volume Up....and Down.

Wednesday, October 28, 2015

Mortgage applications during the week ended October 23 decreased 3.5 percent on a seasonally adjusted basis from the previous week the Mortgage Bankers Association said today.  Its Market Composite Index for the week increased 7 percent on an unadjusted basis.  Data for the week was adjusted to account for the Columbus Day holiday.

The Refinance Index decreased 4 percent from the week ended October 16 while the refinance share of applications remained the same as the previous week, 59.4 percent. The seasonally adjusted Purchase Index decreased 3 percent from one week earlier while the unadjusted Purchase Index increased 7 percent week-over-week and was 23 percent higher than the same week in 2014.

 

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"Mark always kept us informed during the process on how things were going. If there were any issues/concerns, he took the time to call me to let me know. If I know of anyone looking to buy or refinance I would refer them to Mark. He is very friendly and was willing to work with me and my realtor."
Alison V.