Mortgage applications drop 7% for week; REFIS pull down index

Mortgage applications

 

Mortgage applicationsTrey Garrison | HousingWire

Mortgage applications decreased 7% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 11, 2015. The week’s results included an adjustment for the Labor Day holiday.

The Market Composite Index, a measure of mortgage loan application volume, decreased 7% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 17% compared with the previous week.

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