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Mortgage applications fall slightly compared to last week’s revised levels

Nov 13, 2013
In its Weekly Mortgage Applications Survey for the week ending November 8, 2013, the Mortgage Bankers Association (MBA) reported that the volume of mortgage loan applications decreased 1.8 percent on a seasonally adjusted basis from one week earlier. This week's results are compared to a revised level from last week.  That decline, initially reported as -7 percent, was revised to -2.8 percent. On an unadjusted basis, the index fell 3 percent compared with the previous week.

Both the Refinance Index and the Purchase Index also fell slightly in the weekly survey, falling 2 percent and 1 percent respectively.  

To read the entire MBA press release, click here.
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