U.S. Mortgage Applications Drop 28.7%, Refinances Fall 38.1%
April 2nd, 2008
Mortgage applications in the U.S. fell 28.7% in the week ending March 28, with the market composite index decreasing to 688.3 from 959.9 a year ago, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Application Survey released Wednesday.
The trade group's refinance index also decreased...
See also:
- Thursday’s Events: BOC MPC Report, U.S. Jobless Claims, Philly Fed Mfg Report (July 17th, 2008)
- U.S. Jobless Claims Rise to 366K in Week Ending July 12 (July 17th, 2008)
- U.S. Housing Starts and Building Permits Soar in June (July 17th, 2008)
- Fed’s Kroszner Says Fed Rules Will Affect Subprime and Alternative Mortgages (July 17th, 2008)
- Higher U.S. CPI, FOMC Minutes Lead to Greater Chance of Rate Hike (July 16th, 2008)