Mortgage Apps Slip 2.6 Percent Week-Over-Week
News

Mortgage Apps Slip 2.6 Percent Week-Over-Week

May 20, 2020
by
Navi Persaud

The latest data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey showed a 2.6% decline in mortgage applications for the week ending on May 15, 2020, compared to the previous week. On an unadjusted basis, the market composite index showed a 2% drop from one week earlier. The refinance index fell 6%, but was still 160% higher than the same week one year ago. The seasonally adjusted and unadjusted purchase index rose 6%.

Click here to read more about the MBA's Weekly Mortgage Applications Survey.

Written by 
Navi Persaud

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

npersaud@ambizmedia.com
Mortgage Apps Slip 2.6 Percent Week-Over-Week
May 20, 2020 12:12 PM
by
Navi Persaud
News

The latest data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey showed a 2.6% decline in mortgage applications for the week ending on May 15, 2020, compared to the previous week. On an unadjusted basis, the market composite index showed a 2% drop from one week earlier. The refinance index fell 6%, but was still 160% higher than the same week one year ago. The seasonally adjusted and unadjusted purchase index rose 6%.

Click here to read more about the MBA's Weekly Mortgage Applications Survey.

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