Market Composite Index & Mortgage Rates Fall on Eve of Bernanke Speech was originally published on Chicago Agent Magazine, the leading source for news and perspective for real estate professionals in the Chicagoland area.
By Peter Ricci Now this is interesting ? after a solid month of rising interest rates impacting the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, fixed mortgage rates fell in Freddie Mac’s latest survey; yet, mortgage applications in the MBA’s most recent survey still declined. Overall, the Market Composite Index, a measure of mortgage loan application volume, was down 4.3 percent last week, and on an unadjusted basis, it fell 5 percent. The Refinance Index, meanwhile, decreased 6 percent, and refinancing’s share of total mortgage activity also fell from 80 percent ...
Market Composite Index & Mortgage Rates Fall on Eve of Bernanke Speech was originally published on Chicago Agent Magazine - For the well-informed real estate professional, the leading source for news and perspective for real estate professionals in the Chicagoland area.
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