Mortgage Applications Tumble 38.8%

28 Jan 2009

Mortgage applications plunged 38.8% for the week ending Jan. 23, according to the Mortgage Bankers Association.

Mortgage applications plunged 38.8% for the week ending Jan. 23, according to the Mortgage Bankers Association. On an unadjusted basis—not factoring in the shortened week because of Martin Luther King Day—the volume tumbled 46.5%, compared with a week earlier, and 40.4% compared with the same week last year. ...

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