Monday, July 19, 2010

Mortgage Refinance Applications Increase

The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending June 25. The Market Composite Index, a measure of mortgage loan application volume, increased 8.8% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index increased 8.3% compared with the previous week.