Posted To: MND NewsWire Mortgage applications were down during the week ended January 20 according to the Weekly Mortgage Applications Survey conducted by the Mortgage Bankers Association (MBA). The Market Composite Index, a measure of application volume fell 5 percent on a basis that was adjusted seasonally and to account for the week shortened by the Martin Luther King holiday. On a non-seasonally adjusted basis the Composite fell 13.8 percent from the previous week which ended January 13.
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Applications Fall 5% during Holiday Shortened Week
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