The Mortgage Bankers Association’s (MBA) latest Weekly Mortgage Applications Survey shows that for the week ending June 4, applications decreased 3.1 percent on a seasonally adjusted basis from one week earlier.
On an unadjusted basis, the index decreased 13 percent compared with the previous week.
The Refinance Index decreased 5 percent from the previous week and was 27 percent lower than the same week one year ago. The seasonally adjusted Purchase Index increased 0.3
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