phakphum patjangkata
- MBA Mortgage Applications
- Composite Index: +12.5% vs. -3.9% a week ago
- Purchase Index: +10.3% vs. -4.4% the previous week
- Refinance Index: +15.6% vs. -3.5% in the prior week
- 30-year fixed-rate mortgages came in at 6.93%, compared to 6.92% last week
- "Coming out of the Memorial Day holiday, mortgage applications increased to the highest level in over a month," said Joel Kan, Mortgage Bankers Association's vice president and deputy chief economist.
- "Treasury rates saw some movement during the week, which resulted in additional opportunities for borrowers," said Kan.