April 9, 2008
Home Loan Applications Increase
By Matthew L. Brown
Mortgage applications were up 5.4 percent in the week ended April 4 compared to the previous week, according to the Mortgage Bankers Association market composite index.
The market composite index is a measure of mortgage loan application volume.
The MBA also said its refinance index increased 3.4 percent compared to the previous week and its conventional purchase index increased by 6.1 percent.
According to the MBA, the average interest rate for a 30-year mortgage was up to 5.78 percent from 5.75 percent during the week.
The market composite index is a measure of mortgage loan application volume.
The MBA also said its refinance index increased 3.4 percent compared to the previous week and its conventional purchase index increased by 6.1 percent.
According to the MBA, the average interest rate for a 30-year mortgage was up to 5.78 percent from 5.75 percent during the week.
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