PennRealtySite

Posted To: MND NewsWire

Mortgage applications decreased during the week ended February 17 according to the Weekly Mortgage Applications Survey released this morning by the Mortgage Bankers Association (MBA), The Market Composite Index measuring the volume of applications decreased 4.5 percent on a seasonally adjusted basis and 3.6 percent unadjusted from the week ended February 10. The Refinancing Index declined 4.8 percent while the volume of applications for home purchases decreased 2.9 percent on a seasonal adjusted basis. The unadjusted Purchase Index was 1.4 percent lower than the week before and down 9.2 percent from the same week in 2011. Applications for refinancing composed 80.1 percent of all applications compared to 81.1 percent the previous week. The four week moving average of the seasonally adjusted…(read more)

View full post on Mortgage News Daily

Posted To: MND NewsWire

Mortgage applications decreased during the week ended February 17 according to the Weekly Mortgage Applications Survey released this morning by the Mortgage Bankers Association (MBA), The Market Composite Index measuring the volume of applications decreased 4.5 percent on a seasonally adjusted basis and 3.6 percent unadjusted from the week ended February 10. The Refinancing Index declined 4.8 percent while the volume of applications for home purchases decreased 2.9 percent on a seasonal adjusted basis. The unadjusted Purchase Index was 1.4 percent lower than the week before and down 9.2 percent from the same week in 2011. Applications for refinancing composed 80.1 percent of all applications compared to 81.1 percent the previous week. The four week moving average of the seasonally adjusted…(read more)

View full post on Mortgage News Daily