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MBA: Mortgage Loan Application Index Recovering

WASHINGTON, DC-This week's MBA Mortgage Applications Survey shows that the market composite index for the week ending May 25 is up to almost where it was the week ending May 11 after a drop in the week ending May 18.

By Amy Vaughn | Updated on May 30, 2001

WASHINGTON, DC-The Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 11 had been at 560.4, but fell the week ending May 18 to 475.4. This survey issued today, May 30, for the week ending May 25, shows the index has crawled back up to 495.9. The increase from the week ending May 25 from May 28 was 4.3%.

The study released May 23 found that the market composite index of mortgage loan applications for the week ending May 18 decreased 15.2% from the previous week. This was a drop from 560.4 to 475.4.

For the story, click on:MBA Finds Mortgage Loan Applications Down 15.2%

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