Mortgage Apps Down 1.2 Percent

Mortgage applications decreased 1.2 percent this week, according to recently released data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The Survey’s Market Composite Index, a measure of mortgage loan application volume, decreased 1.2 percent on a seasonally adjusted basis from one week earlier to its lowest level since May 2016. On an unadjusted basis, the Index decreased 2 percent compared with the previous week.
The Refinance Index, in addition