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 % |