Market News / Story
Mortgage demand slips as refinance applications hit lowest level since 2025
Seeking Alpha ·
Seeking Alpha reports: Mortgage Bankers Association's Composite Index dropped 4.2% to 204.7 during the week ended October 2, compared to -6.0% to 213.6 seen in the prior week, according to the Weekly Mortgage Applications Survey. The Market Composite Index is a measure of mortgage loan application volume. The Purchase Index fell 2.1% to 145.1 vs. -4.3% to 148.2 a week ago, while the Refinance Index was down 7.5% to 515.8 vs. -8.7% to 557.8 in the previous period. 30-year fixed-rate…