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Mortgage applications fall in beginning of September

Sep 11, 2013
In its Weekly Mortgage Applications Survey for the week ending September 6, 2013, the Mortgage Bankers Association (MBA) reported that the volume of mortgage loan applications fell 13.5 percent on a seasonally adjusted basis from one week earlier. The results include an adjustment for the Labor Day holiday. On an unadjusted basis, the index decreased 23 percent compared with the previous week.

Both the Refinance Index and the Purchase Index also fell, dropping 20 percent and 14 percent respectively. 

To read the entire MBA press release, click here.
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