Purchase Financing Leads Mortgage Applications Up

Factoring in the impact of a holiday week, a week-over-week improvement was noted for new residential loan applications. Purchases fared best.

A seasonally adjusted 9 percent increase was recorded from a week earlier for the Market Composite Index in the week that ended on June 3.

Without any adjustment for the Memorial Day holiday, the index — a measure of mortgage loan application volume — was lower by 13 percent.

---

…read more

From:: Financing