MBA: Mortgage Purchase Application Index near 15 Year Low

MBA: Mortgage Purchase Application Index near 15 Year Low

The Refinance Index decreased 6.3 percent from the previous week. The seasonally adjusted Purchase Index increased 0.2 percent from one week earlier. ... "Heading into the Labor Day weekend, the 30-year rate was at its second lowest level in the history of our survey (the low point was reached last October), and the 15-year rate marked a new low in our survey," said Mike Fratantoni, MBA's Vice ...

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