FXstreet.com (Barcelona) - According to the Mortgage Bankers association, the volume of applications for mortgage loans has decreased 1.9% in the week of March the 7th.

The Market Composite Index has posted a reading of 671.7 in the aforementioned week, which means a 1.9% fall, seasonally adjusted, from the 684.9 level posted a week earlier. On an unadjusted basis, the index has decreased 1.4% on the week, and it has fallen 3.4% from the same week last year.

The Refinance Index has decreased 4.7% to 2448.2 from 2569.0 the previous week, and the seasonally adjusted purchase index has fallen 1.6% to 368.8 from 363.1 one week earlier. The Conventional Purchase Index has decreased 0.4%, while the Government Purchase Index has risen 10%.