July 8, 2015
Mortgage applications jump 4.6%
Mortgage applications across the United States jumped 4.6 percent last week over the last week in June, according to the Mortgage Bankers Association (MBA).
The group’s measure of mortgage loan application volume reflected higher activity for new purchases rather than refinancing. While the association cited a 7-percent increase in its purchasing index (seasonally adjusted), its refinance index jumped only 3 percent over the previous week, according to a statement from the association.
The share of applications tied to refinancings decreased to 48 percent, its lowest level since June 2009, down from 48.9 percent the previous week. The share of adjustable-rate mortgages rose to 7.1 percent of all applications, the MBA said.
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