Mortgage Application Activity Diminishes

After adjusting for the prior week’s holiday, the volume of new applications from prospective home-loan borrowers declined from one week earlier.

On a seasonally adjusted basis, applications for mortgages during the week ended Sept. 16 retreated by more than 7 percent from the previous week.

That activity was determined according to the Market Composite Index, which is a measure of all retail application volume for U.S. residential loans.

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From:: Financing