More on Mortgage Applications: The Refinance Index jumped 19% to its highest level since April...

|By:, SA News Editor

More on Mortgage Applications: The Refinance Index jumped 19% to its highest level since April 2009. The Purchase Index rose 13%, but remains at very weak levels. The gaudy percentage increases have at least something to do with comparison to the previous week, which included Memorial Day, says MBA's Michael Fratantoni.