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Mortgage applications fall during two-week period

Jan 06, 2016
In its Weekly Mortgage Applications Survey for the week ending January 1, 2016, the Mortgage Bankers Association (MBA) reported that the volume of mortgage loan applications fell 27 percent on a seasonally adjusted basis from two weeks earlier. On an unadjusted basis, the index fell 50 percent. The results include an adjustment to account for the New Year’s Day holiday, while the previous week’s results were adjusted for the Christmas holiday. 
Both the Refinance Index and the Purchase Index decreased as well, falling 37 percent and 15 percent respectively. 
To read the entire MBA press release, click here.
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