MBA Mortgage Applications Up 13.0% On Refinancing Activity (Week Ending August 13, 2010)

MBA mortgage applications rose 13.0% for week ending August 13, prior reading was an increase of 0.6.%. Refinance index rose 17.1%; Purchase index fell 3.4% and it is just 6 points shy of all time low.

Lower rates spurred refinancing while purchasing activity stayed at recent depressed levels.

Chart 1. MBA Mortgage Applications

Source: Bloomberg

This entry was posted on Wednesday, August 18th, 2010 at 6:06 am and is filed under U.S. Housing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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