The Mortgage Bankers Association reported that applications dropped 0.6% during the week ending Nov. 27 in its latest weekly survey.

The refinance index decreased as well, down 5% from the previous week but up 102% over last year’s totals from the same week. The seasonally adjusted purchase index did increase – up 9% from one week earlier – while the unadjusted purchase index decreased 28% compared with the previous week.

Joel Kan, MBA’s associate vice president of industry and economic forecasting, noted that numbers for this report were always going to be “mixed” following the Thanksgiving holiday.

“Purchase activities details ⇒

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