Mortgage applications rebounded in the latest week as loans to refinance and purchase homes both increased, the Mortgage Bankers Association said Oct. 30.
The Market Composite Index, a measure of mortgage loan application volume, was up 6.4 percent on a seasonally adjusted basis in the week ended Oct. 25 after slipping 0.6 percent the previous week.
The refinance index was up 9 percent and the refinance share of total applications increased to 67 percent from 65 percent the previous week.
The purchase index rose 2 percent; however, it was 0.1 percent below the same week a year ago.
Fed Policy. ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.