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  • Casual Articles - Mortgage Applications Fall to Lowest Level Since 2002

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    t level since the week ended Dec. 30, 2005 last week. It was down 3.8% to 1,356
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    Declines in mortgage applications indicate a cooling housing market, despite the recent decrease in interest rates.

    The Mortgage Bankers Association's seasonally adjusted index of mortgage application activity fell by 1.4% for the week ending June 2 to 534.4.

    The seasonally adjusted index hit it's lowest level since the week ended Dec. 30, 2005 last week. It was down 3.8% to 1,356

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    The Mortgage Bankers Association's seasonally adjusted index of mortgage application activity fell by 1.4% for the week ending June 2 to 534.4.

    The seasonally adjusted index hit it's lowest level since the week ended Dec. 30, 2005 last week. It was down 3.8% to 1,356

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    easonally adjusted index of mortgage application activity fell by 1.4% for the week ending June 2 to 534.4.

    The seasonally adjusted index hit it's lowest level since the week ended Dec. 30, 2005 last week. It was down 3.8% to 1,356

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    week ending June 2 to 534.4.

    The seasonally adjusted index hit it's lowest level since the week ended Dec. 30, 2005 last week. It was down 3.8% to 1,356

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    t level since the week ended Dec. 30, 2005 last week. It was down 3.8% to 1,356.0. Last year at this time, the index stood at 2,362.1.

    Refinancings hit their lowest level since April 2002, according to the MBA report.

    The refinancing share of mortgage activity fell to 34.2% of total applications, down from 34.9% the week earlier.

    Borrowing costs on 30-year fixed-rate mortgag

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