jumbo loans: Mortgage Applications Increase Steeply
- 06/14/15 03:48 AM
Mortgage applications increased sharply from the previous week, ending June 5, 2015. According to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, applications were up almost eight and a half percent from the prior week. The results were adjusted accordingly for the Memorial Day holiday, which was Monday, May 25th, 2015. Calculations assume that most application activity ceased on this day until resuming on Tuesday.
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The Market Composite Index, a measure of mortgage loan application volume, showed the actual increase to be 8.4%, calculated on a seasonally adjusted basis from one week earlier. On an unadjusted scale, … (0 comments)
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