Mortgage applications down 2.1% last week: MBA |
| MarketWatch - Feb 13, 2008 |
Mortgage applications decreased a seasonally adjusted 2.1% last week compared with the previous week, as mortgage interest rates broadly increased, according to the Mortgage Bankers Association's most recent survey, released on Wednesday.
Applications were up an unadjusted 65% in the week ended Feb. 8 compared with the same week in 2007, the Washington-based industry group reported.
Mortgage applications to refinance an existing loan were down 3.0% last week, compared with the previous week, according to the MBA survey. Applications to purchase a home eased a seasonally adjusted 0.3%.
The four-week moving average for all loans was up 3.9% on a seasonally adjusted basis, reflecting improvement in refinancing filings.
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- Posted: 2008-02-13 09:55:48
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