Mortgage Applications in Washington fell 59.9%

[Account Closed]

I'm ready and my powder is dry for the coming opportunities. "Sell when everyone else is Buying and Buy when everyone else is Selling".

Mortgage applications fall amid unemployment surge

Applications decrease 17.9% from previous week

On a state level, purchase applications were down both week-over-week and year-over-year in California, New York and Washington. For the week ending April 3, applications in Washington fell 59.9% on a non-seasonally adjusted basis compared to last year, MBA said.

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The drop in mortgage applications comes on the heels of jobless claims doubling to 6.65 million people in the latest report released last Thursday, coupled with lenders tightening their underwriting standards.