Mortgage Application Slide Led By Refinances
Mortgage loan application volume plunged 28.7 percent on a seasonally adjusted basis for the week ending March 28, 2008 compared to a week earlier, the Mortgage Bankers Association (MBA) said today.
On an unadjusted basis, the refinance application index decreased 28.1 percent compared with the previous week and was up 4.8 percent compared with the same [...]