MBA: Mortgage Applications Increase in Latest Weekly Survey, Purchase Applications up 9% YoY

This index has had some wild swings recently due to the TILA-RESPA regulatory change that led to a surge in activity as borrowers filed applications before the change, and then a sharp decline in the survey released last week. From the MBA: Government Applications Drive Increase in Latest MBA Weekly Survey Mortgage applications increased 11.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending October 16, 2015. This week's results include an adjustment to account for the Columbus Day......(read more)

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