According to the  Mortgage Bankers Association for the week of April 22, 2011 there was a drop in the number of new applications and refinance application.  Overall composite was therefore down.

Prior Actual
Purchase Index – W/W Change 10.0 % -13.6 %
Refinance Index – W/W Change 2.7 % -0.6 %
Composite Index – W/W Change 5.3 % -5.6 %

 

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