Mortgage Applications Rise For 4th Straight Week
The MBA's Market Composite Index increased 2.9% on a seasonally adjusted basis.
The MBA's Market Composite Index increased 2.9% on a seasonally adjusted basis.
Rate-sensitive housing market buckles up after the Fed tries again to slow the economy.
MBA said it expects mortgage rates to decline later this year.
Increase came as mortgage rates decreased for the second week in a row.
Only one-in-four companies were profitable for the quarter.
MBA says it's a seasonal pickup.
Industry experts say GSEs should abandon the DTI fees move.
Volume buoyed by drop in interest rates; some hesitancy due to banking concerns.
This month's credit availability decreased to its lowest level since January 2013.
Both refis and purchase loans rose; MBA also revises data for previous seven weeks.