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Mortgage applications continue to decrease according to weekly survey

Aug 28, 2013
In its Weekly Mortgage Applications Survey for the week ending August 23, 2013, the Mortgage Bankers Association (MBA) reported that the volume of mortgage loan applications fell 2.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index fell 3 percent compared with the previous week.

The Refinance Index also decreased, falling 5 percent from the previous week, while the Purchase Index rose 2 percent from one week earlier.

To read the entire MBA press release, click here.
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