Tag Archives: Mortgage applications decline 2.4%

The number of mortgage applications filed in the U.S. fell 2.4% for the week ended March 9 as refinancing activity declined, an industry trade group said. The Mortgage Bankers Association released its Market Composite Index – a measure of monthly loan application volume on Wednesday. The report shows the refinancing index falling 4.1% on a seasonally adjusted basis, making it the fourth consecutive weekly decline. Home purchases, on the other hand, soared as the MBA’s purchase index rose 4.4%. Still, the percentage of mortgage activity tied to home refinancings fell […]