Posted on 09/15/2010 6:13:47 AM PDT by Ravi
WASHINGTON, D.C. (September 15, 2010) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending September 10, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 8.9 percent on a seasonally adjusted basis from one week earlier. This week's results include an adjustment to account for the Labor Day holiday. On an unadjusted basis, the Index decreased 27.4 percent compared with the previous week.
(Excerpt) Read more at mbaa.org ...
Look at the presentation entitled “Headwinds” on this guy’s website.
http://mason.gmu.edu/~asander7/
Look at the graph on MBA purchases and refis. What a mess!!!!
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