Monday, September 06, 2004

Mortgage Bankers Association reports mortgage applications virtually unchanged

The Mortgage Bankers Association (MBA) reports for the week ending August 27, "The Market Composite Index of mortgage loan applications - a measure of mortgage loan applications - was 642.7, a decrease of 0.6 percent on a seasonally adjusted basis from 646.3 one week earlier. On an unadjusted basis, the Index decreased by 1.9 percent compared with last week but was up 2.6 percent compared with the same week one year earlier."

To read the entire article online, go here.

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