Mortgage applications decreased 11.4% from one week earlier, according to data from the Mortgage Bankers Association’s weekly survey for the week ending Feb. 19.
It’s the lowest level applications have fallen to since December 2020.
Activity decreased across the board, with the unadjusted index (-10%), the refinance index (-11%), the seasonally adjusted purchase index (-12%) and the unadjusted purchase index (-8%) all falling from the previous week.
The severe winter weather in Texas played played a prominent role in the survey’s declining numbers, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting.
“[The storm]affected many households details ⇒
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