Applications for mortgages dropped last week, as demand for refinancing loans fell.
The Market Composite Index, which measures total applications for mortgage loans, slipped 14.4% from a week earlier, on a seasonally adjusted basis. The figure does not include an adjustment for Veterans Day.
The Refinance Index fell 16.5% and is now at its lowest level since July. The seasonally adjusted Purchase…
Continue reading Mortgage Applications Drop on Lower Demand for Refinancing
Mortgage Applications Drop on Lower Demand for Refinancing originally appeared on DailyFinance on Wed, 17 Nov 2010 08:45:00.
Filed Under: Economy, Real Estate, Credit