Mortgage Bankers Association's survey reveals that application volume declined in latest week as rates for fixed-rate loans increased.
Mortgage application volume tumbled 28.7% during the week ending March 28, according to the Mortgage Bankers Association's weekly survey.
After a 41.1% jump in volume the previous week, the MBA's application index fell back in line with where it had been the previous three weeks. The index fell to 688.3 from 965.9 the previous week. Two weeks earlier the index stood at 652.
Refinance volume plunges. Refinance volume fell 38.1%, while purchase volume declined 11.8%. Refinance applications accounted for 53.4 % of total applications during the week ending March 28.
Read Complete Story
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment