MGIC Investment Corp. (MTG)

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WEEKLY PURCH MORTG APPS FALL 3% LOWEST SINCE NOV 2016 - MBA

WASHINGTON, D.C. (February 22, 2017) - Mortgage applications decreased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 17, 2017.

The Market Composite Index, a measure of mortgage loan application volume, decreased 2.0 percent on a seasonally adjusted basis from one week earlier.

The Refinance Index decreased 1 percent from the previous week to the lowest level since January 2017.

The seasonally adjusted Purchase Index decreased 3 percent from one week earlier to the lowest level since November 2016.