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Mortgage Applications Recover much of Holiday Loss
Wednesday, January 13, 2016
The weekly mortgage application report from the Mortgage Bankers
Association (MBA) was another recounting of a post-holiday rebound. Last Wednesday's catch up on application activity
during MBA's Christmas/New Year hiatus showed aggregate double digit drops in
all volume categories over the last two weeks of 2015. This week's data, covering the first week of
2016 ending on January 8, shows double digit increases in every category and a
net gain in purchase application volume.
Overall, application volume, which was down 27 percent and 50 percent on a
seasonally adjusted and unadjusted basis respectively during the last weeks of
the year posted increases of 21.3 and 76 percent this past week.
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