Across-the-Board Drop in Mortgage Applications

Weekly mortgage applications moved lower, and the slow down applied to both purchase financing and refinancing applications.

In the week that ended on Aug. 12, applications for residential loans fell 4 percent from a week prior on a seasonally adjusted basis.

That was according to the Market Composite Index, which indicated there was a 5 percent decline without seasonal adjustments.

---

…read more

From:: Financing