Mortgage Applications Down Last Week
Washington, DC, March 19, 2014 -- Mortgage application volume fell the week ended March 14, according to the Mortgage Bankers Association.
MBA's Market Composite Index decreased 1.2% on a seasonally adjusted basis from the week before and 1% on an unadjusted basis.
The Refinance Index fell to a 56.5% share of mortgage activity, down from 57 the previous week.
The seasonally adjusted Purchase Index was 1.0% lower and the unadjusted Purchase Index was 1.0% higher than the previous week.