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Mortgage applications fall over two week holiday period

Jan 07, 2015
In its Weekly Mortgage Applications Survey for the week ending January 2, 2015, the Mortgage Bankers Association (MBA) reported that the volume of mortgage loan applications fell 9.1 percent on a seasonally adjusted basis from two weeks earlier. On an unadjusted basis, the index fell 37 percent compared with two weeks ago. These 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 also decreased, falling 12 percent and 5 percent from two weeks ago respectively. 

To read the entire MBA press release, click here.
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