Mortgage applications decreased three percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 21, 2013. The Market Composite Index, a measure of mortgage loan application volume, decreased three percent on a seasonally adjusted basis from one week earlier to the lowest level since November 2011. On an unadjusted basis, the Index decreased three percent compared with the previous week.Click to continue
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