Nationally, the Mortgage Bankers Association’s index of loan application volume slipped 1.8 % for the week ended Aug. 3. 2012. Seems in line with our region, what about yours?
The group’s gauge of requests for purchase loans declined 1.4 percent, while refinancing applications were down 1.9 percent.
The MBA noted that the refi share of total mortgage activity held steady from the week before, at 81.2 percent of total applications.
Source: “US Mortgage Applications Fell Last Week” CNBC News (08/08/12)