Despite lower mortgage rates, both refinancing and purchasing activity declined in the week ending March 12.

According to the Mortgage Bankers Association (MBA), the Refinance Index slipped 1.7% to ~2957 and the Purchase Index was down 2.3% to ~221.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.