Mortgage Applications Shrink 4 Percent

Mortgage applications decreased 4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 12, 2016.
The Market Composite Index, a measure of mortgage loan application volume, decreased 4 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 5 percent compared with the previous week and the Refinance Index decreased 4 percent from the