The Mortgage Bankers Association (MBA) has reported that mortgage applications (the Market Composite Index) increased 3.3 percent from one week earlier, according to its Weekly Mortgage Applications Survey for the week ending Sept. 1.
On an unadjusted basis, the Index increased 2 percent compared with the previous week. The Refinance Index increased 5 percent from the previous week. The seasonally adjusted Purchase Index increased 1 percent from one week earlier. The unadjusted Purchase Index decreased 1 percent compared with the previous week and was 5 percent higher than the same week one year ago.
TO READ THE FULL STORY
Cover Story: