Mortgage Applications Drop For 4th Straight Week
Trend continued despite drop in mortgage rates from recent high.
Trend continued despite drop in mortgage rates from recent high.
The MBA's Market Composite Index fell 3.7% on a seasonally adjusted basis, the third-straight weekly decline.
The MBA's Market Composite Index decreased 4.6% on a seasonally adjusted basis as mortgage rates rose again.
MBA: Applications fell 5.7% last week, after rising 6.3% the previous week.
MBA says both its purchase and refinance indices rose as 30-year fixed rate fell to 6.48%.
Application volume decreased 1.2% after rising in six of the previous seven weeks.
Volume of mortgage applications rose for the sixth time in seven weeks.
The 30-year fixed rate increased 13 basis points to 6.43%.