Mortgage apps sideways as purchases offset refi drop

Mortgage apps

Mortgage apps By Jann Swanson | Mortgage News Daily

Mortgage activity during the week ended March 25 more or less marked time. Rates were mixed and purchase loans, which increased slightly, offset refinance applications for a slight decrease in mortgage volume. The Mortgage Bankers Association’s (MBA’s) Market Composite Index, a measure of loan application volume dipped 1 percent on both a seasonally adjusted and an adjusted basis compared to the week ended March 18.

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