The Refinance index rose 13%, and the seasonally-adjusted Purchase index rose 1%.
By Mary Salmonsen | Builder
The Market Composite Index measure of mortgage loan application volume rose by 6.3% over the week ending July 14th, 2017, according to the results of the latest Mortgage Bankers’ Association (MBA) Weekly Survey. (Last week’s results included an adjustment for the Fourth of July holiday.) On an unadjusted basis, the Index increased by 33% over the previous week.
The Refinance index increased by 13% over the same period, and the seasonally-adjusted Purchase index increased by 1%. The unadjusted Purchase index increased by 27%.