More on MBA mortgage applications: Applications reverse previous weeks' slides, with both the...

|By:, SA News Editor

More on MBA mortgage applications: Applications reverse previous weeks' slides, with both the Refinance and Purchase Indexes gaining 15% from a week ago. The Purchase Index is up 17% Y/Y. Maybe helping last week was a drop in mortgage rates, with the average 30-year fixed slipping to 3.70 from 3.77%. (full report)