Category: market composite index

Despite Rise in Inventory, Mortgage Application Volume Declines

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The latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA) has found mortgage applications sliding 1.9% from one week earlier. The MBA’s Market Composite Index, a measure of… Read more »

Mortgage Rates Continue Trend to Refi-Friendly Lows

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Mortgage rates remained under 3% this week, as Freddie Mac reported the 30-year fixed-rate mortgage (FRM) at an average of 2.96%, down two basis points from last week’s average of… Read more »