Global Uncertainty said Behind Busy Mortgage Week

Hot news from AZ Home Help:

Posted To: MND NewsWire

Last week was the strongest one on a relative basis for mortgage applications in quite some time. The Mortgage Bankers Association (MBA) said that its Market Composite Index, a measure of application volume rose 11.3 percent on a seasonally adjusted basis during the week ended August 28. On an unadjusted basis the index was up 10 percent compared to the week ended August 21. It appeared to be the largest percentage gain in applications since January. A jump in applications for refinancing was credited for the higher volume during the week. The Refinance Index rose 17 percent to the highest level since April and the refinance share of mortgage activity increased to 58.7 percent from 55.3 percent the previous week. It was the highest share attributed to refinancing since March. Applications for...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagenewsdaily.com/09022015_application_volume.asp

- For more real estate news visit our website at http://www.AzHomeHelp.com