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MBA: Mortgage Purchase Activity "near 15-year lows"

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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

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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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