Refinancing Continues Slide; Volume Flat

Julie C. Nichols General

Mortgage Daily News – Jann Swanson

Applications for purchase mortgages picked up a little steam this week even as application volume overall remained flat. The Mortgage Bankers Association said that its Market Composite Index, a measure of application volume, was down 1.3 percent during the week ended March 6 on a seasonally adjusted basis and the unadjusted index lost 1 percent compared to the previous week.

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