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

August 18th, 2010 by Belisarius

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.

Comments are closed.

 
Get Adobe Flash player