Mortgage applications decreased by 3.9% for the week ending May 30, according to data from the Mortgage Bankers Association (MBA). On an unadjusted basis, the index fell 15% during the week marked by the Memorial Day holiday.

But economists and loan officers say the year-to-date landscape looks much better.

“Mortgage applications decreased over the week, but continued to exhibit annual gains, with purchase applications running 18% ahead of last year’s pace,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. 

Some top LOs have also observed an increase in volume this year, despite details ⇒

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