Mortgage Bankers Association

Latest Posts

Mortgage Application Activity Jumps to Highest Level in Almost One Year on Refi Demand 

Nov 14, 2007By

A large uptick in refinance applications helped drive a widely-used measure of mortgage lending activity upward last week, with the Mortgage Bankers Association reporting that its Market Composite Index of weekly mortgage applications jumped 5.5 percent on a seasonally-adjusted basis for the week ending November 9, 2007. The composite index touched 707.3, its highest since the week ended December 8, 2006, when it touched 721.2.

What's New?
Updated 11 months ago