MBA - "Mortgage Applications Increase in this Week’s Survey" (1-3-07)

"The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 29. This week’s results include an adjustment to account for the Christmas holiday. The Market Composite Index, a measure of mortgage loan application volume, was 575.6, an increase of 3.6 percent on a seasonally adjusted basis from 555.8 one week earlier. On an unadjusted basis, the Index decreased 27.4 percent compared with the previous week and was up 6.9 percent compared with the same week one year earlier."