Jan 16 2008
Refinancing Leads Jump In Mortgage Applications In Latest MBA Weekly Survey
WASHINGTON, D.C. (January 16, 2008) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 11, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 906.4, an increase of 28.4 percent on a seasonally adjusted basis from 706.0 one week earlier. On an unadjusted basis, the Index increased 64.8 percent compared with the previous week which was shortened by the New Year’s holiday and was up 39.0 percent compared with the same week one year earlier.