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 % … read more