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Mortgage applications increase almost 12 percent in weekly survey

Oct 22, 2014
In its Weekly Mortgage Applications Survey for the week ending October 17, 2014, the Mortgage Bankers Association (MBA) reported the volume of mortgage loan applications increased 11.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index rose 12 percent compared to the previous week. This week’s results did not include an adjustment for the Columbus Day holiday.

The Refinance Index also increased, rising 23 percent from the previous week to the highest level since November 2013. The Purchase Index, however, fell 5 percent from one week earlier.

To read the entire MBA press release, click here.
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