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MBA: Mortgage applications rise 2.7%

Mortgageapplications in the week ended April 1 rose 2.7% from one week earlier on aseasonally adjusted basis, the Mortgage Bankers Association reported April 6,citing the results of its weekly mortgage applications survey.

Onan unadjusted basis, the market composite index, which measures mortgage loanapplication volume, climbed 3% week over week.

Theseasonally adjusted purchase index was down 2% compared to the previous week.The unadjusted purchase index fell 2% week over week, and was 11% higher thanthe year-ago period.

Therefinance index increased 7% from the previous week.

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