trending Market Intelligence /marketintelligence/en/news-insights/trending/8jdZZ5KzF9X4ShvmgFzVNA2 content esgSubNav
In This List

MBA: US mortgage applications rise 7.1%

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Commercial Banking: June 22nd Edition


MBA: US mortgage applications rise 7.1%

Mortgage applications in the U.S. increased 7.1% on a seasonally adjusted basis for the week ended June 2 from the previous week, according to the Mortgage Bankers Association.

On an unadjusted basis, the market composite index, which measures mortgage loan application volume, decreased 15% compared with the previous week.

The refinance index increased 3% from the previous week. The seasonally adjusted purchase index rose 10% from the previous week, reaching its highest level since May 2010. The unadjusted purchase index decreased 14% from the prior week.

The refinance share of mortgage activity declined to 42.1% of total applications from 43.2% in the previous week according to the MBA's 's latest weekly mortgage application survey. The adjustable-rate mortgage share of activity decreased to 7.4% of total applications.