Week-to-week mortgage applications drop 10.7%: MBA

Discussion in 'Economics' started by ASusilovic, Dec 23, 2009.

  1. CHICAGO (MarketWatch) -- Mortgage rates remained flat last week, but applications filed for mortgages dropped a seasonally adjusted 10.7% compared with the week before, according to the Mortgage Bankers Association's weekly survey.

    Applications to refinance existing home loans fell 10.1% for the week ended Dec. 18 from the prior week, the Washington-based MBA said Wednesday. Its survey covers about half of all U.S. retail residential mortgage applications.

    The week-to-week volume of applications for mortgages to purchase homes dropped as well, down a seasonally adjusted 11.6%.

  2. Confirmation of the obvious.........The parking lots in front of all of the mortgage bankers' offices here are empty. :cool: