Purchase Applications Bolstered Pre-Holiday Mortgage Volume

Posted To: MND NewsWire

In a report delayed from its usual Wednesday release by the July 4 th holiday, The Mortgage Bankers Association (MBA) said on today that increased purchase mortgage activity pushed overall business higher during the pre-holiday week ended June 30. The MBA’s Market Composite Index, a measure of loan application volume, was up 1.4 percent on a seasonally adjusted basis during the week ended June 30 and was 1.0 percent higher on an adjusted basis than the week ended June 23. Both the seasonally adjusted and the unadjusted Purchase Indices were up by 3.0 percent and the unadjusted index was 6 percent higher than during the same week in 2016. The Refinance Index was down for the second straight week, declining 0.4 percent and the refinance share of applications retreated to 44.9 percent from 45…(read more)

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Purchase Applications Bolstered Pre-Holiday Mortgage Volume
Purchase Applications Bolstered Pre-Holiday Mortgage Volume

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