Mortgage Application Activity Breaks Out of Slump

Home / Blog / Mortgage Application Activity Breaks Out of Slump

Posted To: MND NewsWire

After four straight weeks of declines, mortgage application activity finally gained ground during the week ended May 3. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage application volume, rose 2.7 percent on a seasonally adjusted basis from the previous week and was 3 percent higher before adjustment. Purchase mortgage activity was 4 percent higher week-over-week on a seasonally adjusted basis, its first increase in three weeks. It rose 5 percent on an unadjusted basis from both the week ended April 26 and the corresponding week in 2018. The Refinance Index was up 1 percent from the previous week, its first improvement since the week ended March 29. The share of applications that were for refinancing however declined to 37.9 percent from 38.8 percent...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.



Source: http://www.mortgagen...

70ceff81 df8c 4101 a528 03bf81212edb 65876c55 9908 4e70 9170 3cd1db8b88f0 e9e66089 aa4e 4ba8 bbac 4f152071aba1 4c4538b1 a3cf 4518 b10a f42c86d17ee8 4460925f 22b5 4efa 9903 9586ad4709f5 09fb5e38 04c9 4ead 83f4 123c472ad1cc f58d12a6 1a9c 4542 be45 08ff1867b49c b16e3d80 1527 4d90 89e1 dacf781d2799 16980e47 6782 4a6c a101 23e0032a1c36 18763385 bee9 48c3 902c a256d75c8f1e ba20764b 3fbc 47a9 aa3a 7ee713f29013 f73834f4 b217 4152 88a6 0ebd4ea056bf 20aaf072 6ab0 4ef8 a068 304962d48d8d 0883cfe0 fe90 4a5a 9482 2a23a7600873 4be7f025 24dd 4250 bec2 bc40b9403094 aa650d4e 9283 4210 a49e 30a9e00817b6 5034aed9 546c 4422 a371 8530bb28f725 78da143e 0a0d 44a5 af95 245b8706534d 1b65764c 1c7a 40a0 9e39 018c4321789e d9c24ecb 5bf5 4d42 9b8f a00f4b8f89c3 4b240467 8278 4d25 a98b 0b601253ded7 08bf920e 483b 41e0 882d e84755175fb0 8cca9ff3 cbc7 420e a82e 058463a65bb3