Tuesday, March 20, 2007

Applications Increase

The Mortgage Bankers Association (MBA) reports that "... for the week ending March 9, 2007. The Market Composite Index, a measure of mortgage loan application volume, was 690.5, an increase of 2.8 percent on a seasonally adjusted basis from 671.6 one week earlier. On an unadjusted basis, the Index increased 3.2 percent compared with the previous week and was up 19.1 percent compared with the same week one year earlier."

Refinance applications were up as well. "The Refinance Index increased 3.5 percent to 2312.2 from 2234.2 the previous week ..."

To read more: Mortgage Bankers Association loan application survey

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