Mortgage Applications Rise Over 7%

Graph: MBA Applications Index over 52 Weeks

Click “read more” to see a detailed breakdown of the weekly report on mortgage demand.

U.S. mortgage applications rose for a second straight week, with demand for home refinancing loans rising to its highest level since early June.

For Week Ending: Aug 21, 2009

Seasonally Adjusted
Total Mortgage Activity: Up 7.5 %
Mortgage Index Now: Up 566.4

Unadjusted Basis
Total Mortgage Activity: Up 6.3 %
One Year Ago: UP 34.1%

Seasonally Adjusted
Refinance Activity: Up 12.7 %

Purchase Activity: Up 1.0

Percentage of Total Activity

Refinance Share: 56.5 %
One Week Earlier: 53.3 %

Adjustable-Rate Mortgage (ARM) Share: 6.5 %
One Week Earlier: 6.5 %

Source: Mortgage Bankers Association

Phil Ganz (354 Posts)

Philip D. Ganz is a Boston Mortgage Broker and Boston Home Loan specialist. For information, expertise, consulting, or advice about home loans, refinancing mortgages, or commercial property loans, contact Phil with no obligation: 617-529-9317

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