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Mortgage Apps Decline as Rates Remain Elevated
Wednesday, November 25, 2015
Mortgage applications were a bit of a mixed bag during the week ended
November 20, a week in a hammock strung between two holidays. The Mortgage Bankers Association said its
Market Composite Index, a measure of application activity, was down by 3.2
percent on a seasonally adjusted basis from the previous week but increased by
6 percent on an unadjusted basis. The
data from the week ended on November 13 had included an adjustment for that
week's Veterans' Day holiday.
The Refinance Index decreased 5 percent
from the previous week and the refinance share of all mortgage applications
increased very slightly, from 58.6 percent to 58.7 percent.
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