ALTA.org - "Mortgage Application Volume Declines in Latest MBA Survey" (7-19-06)

"The Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey for the week ending July 14 found taht the Market Composite Index, a measure of mortgage loan application volume, was 540.8, a decrease of 4.6 percent on a seasonally adjusted basis from 566.8 one week earlier. On an unadjusted basis, the Index increased 36.4 percent compared with the previous week but was down 31.3 percent compared with the same week one year earlier."