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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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