Mortgage Applications Down From Previous Week

The Market Composite Index, which measures mortgage loan application volume, dropped by 1.7 percent on a seasonally adjusted basis for the week ending August 24, 2018, according to recent data by the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.
Unadjusted, the Index decreased by 3 percent from the previous week. The Refinance Index also dropped 3 percent from one week earlier, and the seasonally adjusted Purchase Index decreased 1 percent from the previous week