Jan 30 2008
Refinancing Apps Increase, Purchase Apps Decrease In Latest MBA Weekly Survey
WASHINGTON, D.C. (January 30, 2008) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 25, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 1054.9, an increase of 7.5 percent on a seasonally adjusted basis from 981.5 one week earlier. On an unadjusted basis, the Index increased 10.5 percent compared with the previous week and was up 70.7 percent compared with the same week one year earlier.