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Mortgage Application Activity....Zzzzzzz
Wednesday, November 4, 2015
volume was essentially flat during the week ended October 30. The Mortgage Bankers Association (MBA) said
its Market Composite Index a measure of application volume, ended the week down
0.8 percent on a seasonally adjusted basis compared to the week ended October
23. The unadjusted index was 1.0 percent
The Refinance Index
was down 1 percent from the previous week however the refinance share of activity
rose slightly to 59.7 percent of all mortgage applications compared to 59.5
percent during the prior period.
purchase mortgages dipped 1 percent on a seasonally adjusted basis and were down
2 percent unadjusted. The latter was 20
percent higher than during the same week in 2014.
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