Published by Jack Everest on 24 Dec 2008 at 11:54 am
Mortgage applications jump 48% in week ending Dec 19th
The Mortgage Bankers Association reported that its overall Market Composite Index, a measure of mortgage loan application volume, shot up 48% on a seasonally adjusted basis for the week ending Dec. 19.
That was driven by a 62.6% leap in the group’s Refinance Index. But the Conventional Purchase Index also increased 17.7%.
Read the entire article at CNNMoney.com.