Market Updates
Mortgage Applications Down to 26-year Low
Brian Turner
04 Jan, 2023
New York City
Mortgage applications dropped 13.2% from two weeks earlier in the week ending in December according to the latest survey released by the Mortgage Bankers Association.
The Market Composite Index, a measure of mortgage loan application volume, decreased 13.2% on a seasonally adjusted basis from two weeks earlier.
On an unadjusted basis, the Index decreased 39.4 percent compared with the two weeks ago
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