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		Home Page Mortgage News You Can Use Mortgage Application Volume Holds Steady The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending January 30. The Market Composite Index of mortgage loan applications-a measure of mortgage loan applications for purchases and refinancings-decreased by 1.5 percent to 855.7 on a seasonally adjusted basis from 868.9 one week earlier. On an unadjusted basis, the Index increased by 12.4 percent compared with last week and was down 25.9 percent compared with the same week one year earlier. The MBA seasonally adjusted Purchase Index decreased by 1.7 percent to 444.0 from 451.6 the previous week. The seasonally adjusted Refinance Index decreased by 1.4 percent to 3250.6 from 3296.7 one week earlier. Other seasonally adjusted index activity included the Conventional Index, which decreased 1.4 percent to 1219.7 from 1236.5 the previous week. The Government Index decreased 2.7 percent to 248.3 from 255.3 the previous week. The refinance share of mortgage activity decreased to 57.0 percent of total applications from 58.5 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 27.2 percent from 26.3 percent the previous week.   Back to Original Article: Mortgage News You Can Use   Continue with: Tax Advocates Pressure House Declaration Fails To Give Dollar a Boost Inventories, Sales Rose in Dec. Bush hits road, touting economy Euro Falls as EU Wants Weaker Currency Treasuries Higher on Hopes of Demand
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