Feb 25, 2009By Diana Golobay
Raw mortgage application volume slipped 15.1 percent for the week ending Feb. 20, according to a weekly survey released Wednesday by the Mortgage Bankers Association. The four-week moving average — a solid indicator of seasonal trends — showed a slight 0.4 percent increase, suggesting an overall static trend. The MBA, which also studies weekly trends in mortgage interest rates, reported that 30- and 15-year fixed rates increased from levels that have lingered at historic lows.
