Mortgage Applications Fall For 2nd Time in 3 Weeks
Purchase and refinance loans both fell as mortgage rates increased across the board.
Purchase and refinance loans both fell as mortgage rates increased across the board.
MBA says mortgage credit decreases even as rates are forecast to decline.
MBA survey finds overall volume increased 7.4% from a week earlier.
Sends letter to agency director raising concerns about changes, including LLPAs based on debt-to income ratios.
Combined with upward revisions for November & December, market proves even stronger than many thought.
After rising for 3 weeks in a row, the MBA's Market Composite Index fell 9% on a seasonally adjusted basis.
The median payment fell to $1,920 in December from $1,977 in November.
MBA economist says homebuying activity remains 'tepid.'