Home mortgage applications in the United States increased last week. The Mortgage Bankers Association’s seasonally adjusted index of mortgage application activity, an index including home purchase demand and refinancing, climbed 1.8% while the MBA’S seasonally adjusted refinancing application index also rose 2.8%. However, fixed 30-year mortgage rates dropped .05 points. The refinance share of surveyed mortgage activity remained the same. The survey covers more than 75% of U.S. retail residential mortgage applications. More here
