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Posted by grapebed on 6/20/18 7:29pm
June 20th, 2018 SOURCE: Mortgage Bankers Assciation
The volume of mortgage applications have increased rather decisively. this past week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, surged by 5.1 percent during the week ended June 15. It was the largest increase in total mortgage volume since the week ended January 5, 2018. On an unadjusted basis the volume was up 3 percent.
Applications for both refinancing and home purchases increased compared to the week ended June 8. The Refinance Index gained 6 percent and the refinancing share of applications grew from 35.6 percent to 36.8 percent. The seasonally adjusted Purchase Index increased by 4.0 percent from one week earlier and the unadjusted Purchase Index by 1.0 percent. The latter was up 3.0 percent from the same week one year ago.
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