Refi applications plunge 30%

A huge drop-off in refinancings pushed overall mortgage application volume down 19.2 percent last week, the Mortgage Bankers Association reported today.

According to MBA, the index that tracks refinancings declined 30.4 percent last week, following a 27.9 percent drop the week before. The index tracking applications for purchase loans barely budged with a 0.2 percent increase.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.