Login
ISCOVER
US mortgage applications plunged last week according to the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey.
MBA’s market composite index – which measures weekly loan application volumes – decreased by 3.6 per cent to 681.7 on a seasonally adjusted basis for the week ending November 16.
The mortgage applications survey also reported the refinance index slipped five per cent to 2199.9 from 2315.7 the previous week; the seasonally adjusted purchase index dipped two percent to 424.1 from 432.6 one week earlier.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Looking for more benefits?
Become a Premium Member.
JOIN THE DISCUSSION