Wednesday, August 31, 2011
MBA: Mortgage Purchase Activity “near 15-year lows”
by CalculatedRisk on 8/31/2011 07:13:00 AM
The MBA reports: Mortgage Applications Decrease in Latest MBA Weekly Survey
The Refinance Index decreased 12.2 percent from the previous week. The seasonally adjusted Purchase Index increased 0.9 percent from one week earlier.
…
“Refinance application volume declined for a second week from recent highs, despite rates staying near a 10-month low, while purchase volume remained near 15-year lows,” said Mike Fratantoni, MBA’s Vice President of Research and Economics.
http://www.calculatedriskblog.com/2011/08/mba-mortgage-purchase-activity-near-
15.html
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