Mortgage applications see slight decrease, despite purchase gain
Housing Wire
NOVEMBER 18, 2020
Mortgage applications decreased 0.3% last week, following a 0.5% drop from the beginning of November , according to a report from the Mortgage Bankers Association. . The refinance index dropped 2%, while the unadjusted purchase index fell 1% from the previous week. The seasonally adjusted purchase index climbed 3%. The refinance and purchase indexes still dwarf last year’s totals from the same week, though – 98% and 26% year-over-year, respectively.
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