November 15, 2021
Real Estate

U.S. Mortgage Applications Dip in Mid-October


According to the Mortgage Bankers Association’s latest Weekly Mortgage Applications Survey for the week ending October 15, 2021, U.S. mortgage applications decreased 6.3 percent from one week earlier.

The Market Composite Index, a measure of mortgage loan application volume, decreased 6.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 6 percent compared with the previous week.

The Refinance Index decreased 7 percent from the previous week and was 22 percent lower than the same week one year ago. The seasonally adjusted Purchase Index decreased 5 percent from one week earlier. The unadjusted Purchase Index decreased 5 percent compared with the previous week and was 12 percent lower than the same week one year ago.

Joel Kan

“Refinance applications declined for the fourth…

Read full article here: www.worldpropertyjournal.com