Modest Uptick in Mortgage Apps Following Holiday Week

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Posted To: MND NewsWire

Mortgage application volume was higher across the board during the week ended December 4 as activity rebounded from the essentially three-day work week that led up to the Thanksgiving holiday. Results from that week were adjusted accordingly. The Mortgage Bankers Association (MBA) reported an increase of 1.2 percent in its Market Composite Index, a measure of loan applications received, on a seasonally adjusted basis compared to the week ended November 27. The index surged by 43 percent on an unadjusted basis. The Refinance Index rose by 4 percent from the previous week and the share of all mortgage applications submitted for refinancing grew from 56.6 percent to 58.7 percent. The seasonally adjusted Purchase Index eked out a 0.04 percent gain from the previous week while the unadjusted Purchase...(read more)

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Source: http://www.mortgagenewsdaily.com/12092015_application_volume.asp

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