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The Real Deal Miami

Mortgage applications drop, as rates increase

January 30, 2013 03:00PM

The number of mortgage applications for the week ending January 25, 2013 decreased 8.1 percent on a seasonally adjusted basis from the previous week, the Mortgage Bankers Association announced today. The Refinance Index decreased 10 percent from the previous week. The seasonally adjusted Purchase Index decreased 2 percent from one week earlier. Unadjusted, the Purchase Index decreased 6 percent compared with the previous week and was 2 percent higher than the same week one year ago. [more]