Mortgage Applications Down
The weekly mortgage numbers from MBA are out. "The Mortgage Bankers Association today released its Weekly Mortgage Applications Survey for the week ending April 22. On an unadjusted basis, the Index was down 4.2 percent compared with the same week one year earlier."
"With a 9.8 percent increase in applications, refinance activity is at its highest level since March 11, however, refinance applications volume is down 14.6 percent from one year ago."