Wood News

Index of mortgage loan applications for home purchases reaches the lowest level since September 2011

PORTLAND, OR , Feb. 19, 2014 (RISI) - 

The Mortgage Bankers Association's Market Composite Index, a measure of mortgage loan application volume, decreased 4.1% for the week ending February 14, 2014, on a seasonally adjusted basis from one week earlier.

The Refinance Index decreased 3% from the previous week. The seasonally adjusted Purchase Index decreased 6% from one week earlier and is at its lowest level since September of 2011.

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