Courtesy of CalculatedRisk
The MBA reports:
The Market Composite Index, a measure of mortgage loan application volume, was 528.9, an increase of 2.8 percent on a seasonally adjusted basis from 514.4 one week earlier.
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The Refinance Index increased 4.0 percent to 2089.7 from 2009.4 the previous week and the seasonally adjusted Purchase Index increased 1.3 percent to 262.1 from 258.8 one week earlier.
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The average contract interest rate for 30-year fixed-rate mortgages increased to 5.31 percent from 5.05 percent …
emphasis added
Click on graph for larger image in new window.
This graph shows the MBA Purchase Index and four week moving average since 2002. Read More
