Monday, January 31, 2005

Mortgage Banker Association reports mortgage loan applications decrease

The Mortgage Bankers Association (MBA) reports that for the week ending January 21, 2005, "The Market Composite Index - a measure of mortgage loan application volume - was 658.1, a decrease of 3.6 percent on a seasonally adjusted basis from 682.9 one week earlier. On an unadjusted basis, the Index decreased 10.7 percent compared with last week and was down 26.2 percent compared with the same week one year earlier."

To read more about mortgage home loans, go here.

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