Dip in mortgage rates prompts rise in mortgage applications during latest week

PORTLAND, OR, Dec. 5, 2018 (RISI) -Mortgage applications rose for the second straight week as key interest rates fell back toward 5%, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending November 30. The results for the week ending November 23, 2018 included an adjustment for the Thanksgiving holiday.

The Market Composite Index increased by 2.0% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased by 42% compared to the previous week. The (unadjusted) Refinance Index increased y b6% from the previous week. The refinance share of mortgage ...

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