Mortgage Industry News
« Return to Mortgage Industry News
Mortgage Demand Light For Holidays, But Well Ahead of Last Year
Thursday, December 26, 2019
The Mortgage
Bankers Association (MBA) says mortgage application volume slowed significantly
last week as Americans prepared for several major holidays. Its Market
Composite Index, a measure of mortgage loan application volume, was down on a
seasonally adjusted basis during the week ended December 20 by 5.3 percent
compared to the previous week and was 6.0 percent lower on a non-adjusted
basis.
Purchase
and refinance applications contributed about equally to the decline with the
Refinance Index and the seasonally adjusted Purchase Index each falling 5.0
percent from the prior week and the non-adjusted Purchase Index off by 7.0
percent. Still, activity remained elevated
Read Full Article