%{=BORDER-TOP-WIDTH: 1pt; PADDING-RIGHT: 0in; PADDING-LEFT: 0in; BORDER-LEFT-WIDTH: 1pt; FONT-SIZE: 8.5pt; BORDER-LEFT-COLOR: windowtext; BORDER-BOTTOM-WIDTH: 1pt; BORDER-BOTTOM-COLOR: windowtext; PADDING-BOTTOM: 0in; COLOR: #333333; BORDER-TOP-COLOR: windowtext; PADDING-TOP: 0in; FONT-FAMILY: Verdana; BORDER-RIGHT-WIDTH: 1pt; BORDER-RIGHT-COLOR: windowtext; mso-border-alt: none windowtext 0in}The volume of mortgage loan applications fell in the Mortgage Bankers Association’s (MBA) most recent Weekly Mortgage Applications Survey for the week ending September 21, 2007.

In its latest report, the MBA concluded that the Market Composite Index, which measures the loan application volume, hovered at 654.2, down 2.8-percent on a seasonally adjusted basis from 673.2 the week before. The index, on an unadjusted basis, also decreased 3.3-percent when compared to the prior week, but rose 15.4-percent when compared to the same week last year.
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