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MBA: Mortgage applications rise 10%

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MBA: Mortgage applications rise 10%

Mortgageapplications in the week ended April 8 climbed 10% from the previous week on a seasonallyadjusted basis, the Mortgage Bankers Association reported April 13, citing the resultsof its weekly mortgage applications survey.

On anunadjusted basis, the market composite index, which measures mortgage loan applicationvolume, also increased 10% week over week.

The seasonallyadjusted purchase index increased 8% from the week-ago period to reach its highestlevel since October 2015. The unadjusted purchase index was up 9% from the previousweek and was 24% higher than the year-ago period.

The refinanceindex increased 11% from the previous week to reach its highest level since February.