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The Mortgage Bankers Association ‘s (MBA) mortgage applications survey for the week ending December 21 measured a 7.6 per cent seasonally adjusted drop in loan application volume.
The survey, released yesterday, showed the market composite index – which is a measure of loan application volume – was 603.8, down from 653.8 one week earlier.
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On an unadjusted basis, the index decreased 8.2 per cent compared to the previous week but was up 9.9 per cent compared with the same week one year earlier.
