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Mortgage Applications Rise Again This Week

After a dip in the last week, Mortgage Applications rise again with the index reaching 875.3 this week. It is 45.7 percent more from the previous week's 600.6 on a seasonally adjusted basis.

On an unadjusted basis, the index shows a rise of 47.7 percent as compared to the previous week and 5.2 percent as compared to the same week last year. There is also an increase in the refinance share of mortgage activity from 66.7 percent to 74.2 percent of total applications.

The mortgage rates for this week were 4.99 percent for 30-year fixed-rate mortgage and 4.66 percent for 15-year fixed-rate mortgage.

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