MBA: Mortgage Applications Up 0.9%

Posted by Orb Staff on July 25, 2012 No Comments
Categories : Residential Mortgage

12055_57436144 MBA: Mortgage Applications Up 0.9% The Mortgage Bankers Association's (MBA) market composite index, a measure of mortgage loan application volume, increased 0.9% on a seasonally adjusted basis for the week ending July 20. On an unadjusted basis, the index also increased 0.9% compared with the previous week.

The MBA's refinance index increased 2% from the previous week to its highest level since April 19, 2009. The refinance share of mortgage activity increased to 81% of total applications from 80% the previous week.

The seasonally adjusted purchase index decreased 3% from one week earlier to its lowest level since June 22.

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