Mortgage Bankers' Assn. weekly applications survey
TLT•U.S. mortgage applications rose 6.2% in the latest week, with purchase applications up 7.5% and refinancing applications up 4.5%; the average 30-year mortgage rate fell 9 basis points to 7.21%.
1. Weekly applications rise
The Mortgage Bankers Association's seasonally adjusted market index rose 6.2% in the latest week to 204.6. The purchase index climbed 7.5% to 141.2, and the refinance index increased 4.5% to 540.7; the average 30-year mortgage rate fell 9 basis points to 7.21%.
