Julián Castro sworn in, spends first day as HUD Secretary

Julián Castro sworn in, spends first day as HUD Secretary

Former San Antonio mayor takes over for Shaun Donovan

Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line

It’s official: Zillow will own Trulia

"Better agents make for better advertisers"
W S

Weekly Applications Fall 2.8%, Say Mortgage Bankers

/ Print / Reprints /
| Share More
/ Text Size+
The number of mortgage applications filed last week declined compared to the week before in two national surveys. The Mortgage Bankers Association’s (MBA) weekly mortgage applications survey, which is a measure of total gross applications in the US, declined 2.8% on a seasonally adjusted basis for the week ending Sept. 25. The refinance index also decreased 0.8% and the purchase index decreased 6.2%. Refinance applications took a 65.3% share of total applications, up from 63.8 in the previous week, the MBA reported. The Mortgage Maxx weekly survey, which adjusts total application to account for multiple submissions by the same borrower, declined 7.3% in the week ending Sept. 25. The decline comes as refinancings and existing home sales retreat, despite favorable mortgage rates, publisher Paul Descloux said in weekly commentary. Write to Austin Kilgore.

Recent Articles by Austin Kilgore

Comments powered by Disqus