A modest weekly up tick in applications for loans to refinance an existing mortgage was more than offset by a dip in applications for purchase financing.
On a seasonally adjusted basis, the Market Composite Index for the seven days that concluded on July 20 was mostly unchanged compared to the preceding week.
Even when seasonal factors are not considered, there was no movement for the index — a barometer of the weekly volume of retail residential loan applications.
Source: Mortgage Daily
