MBA weekly survey: mortgage apps fall 2.1%

mortgage refinancing

mortgage refinancingInterest rates rose across all mortgage loan types over the week ending October 6th.

By Mary Salmonsen | Builder

Mortgage applications decreased by 2.1% on a seasonally-adjusted basis over the week ending October 6th, 2017, according to the Mortgage Bankers Association’s Weekly Survey and Market Composite Index, a measure of mortgage loan application volume. On an unadjusted basis, the Market Composite Index fell by 2% compared to the previous week.

The Refinance Index fell by 4% over the previous week. The seasonally-adjusted Purchase Index decreased by 0.1%, and the unadjusted Purchase Index rose 0.1%.

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