Mortgage applications dwindling as market headwinds take toll

Reading Time: < 1 minuteSeveral headwinds finally appear to be taking a toll on the blazing housing market, with the Mortgage Bankers Association reporting that its Market Composite Index (MCI) fell to its lowest level since February last year. The overall MCI, a measure of mortgage loan application volume, decreased 4.0% on a seasonally adjusted basis from one week […]

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