US mortgage applications decline year over year

house calculator
By Sam Kerr
13 Jan 2017

The latest figures from the Mortgage Bankers Association show a small increase in mortgage applications during the first week of January, but year over year volume is down sharply.

The week ending January 6 saw total mortgage applications drop 25% from the first week of December and 25.3% from the same week in January 2015 according to MBA data.

Mortgage refinancing was 32.8% lower than at the beginning of December and was 31.5% below the level in the ...

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