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Mortgage applications continue to fall

Jun 04, 2014
In its Weekly Mortgage Applications Survey for the week ending May 30, 2014, the Mortgage Bankers Association (MBA) reported that the volume of mortgage loan applications decreased 3.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index fell 14 percent compared with the previous week. This week’s results include an adjustment for the Memorial Day holiday.

Both the Refinance Index and the Purchase Index also fell in the weekly survey, falling 3 percent and 4 percent respectively. 

To read the entire MBA press release, click here.
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