MBA Mortgage Applications Down 8.9%
(For The Week Ending September 10, 2010)
MBA mortgage applications fell 8.9% , prior reading was a decrease of 1.5.%. Refinance index fell 10.8%; Purchase index fell 0.4%.
No change in purchase applications; Refinancing is heading lower as number of homeowners who have not refinanced is being exhausted.
Chart 1. MBA Mortgage Applications