As was the case in the previous seven-day period, a decline in the volume of applications for mortgage refinances more than offset an increase in purchase activity.

The Market Composite Index, dipped less than a percent on a seasonally adjusted basis from the prior report in the week ended Sept. 29.

Foregoing seasonal factors, a 1 percent decline was still recorded for the index, a measure of retail residential loan application volume.


Source: Mortgage Daily