Mortgage Applications Down

U.S. mortgage applications last week fell 5.1 percent, an industry group said Wednesday.

The Mortgage Bankers Association said that for the week ending Jan. 27 its index of mortgage activity fell to 626.8 from 660.5 in the previous seven-day period.

On an unadjusted basis, the group’s index was down 12.1 percent compared with the same week one year earlier.

The four-week moving average for the seasonally-adjusted index is up 3.3 percent to 625.2 from 605.

This entry was posted on Thursday, February 2nd, 2006 at 12:05 am and is filed under Mortgages, General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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