MBA Weekly Application Survey Shows 3.4% Increase in Purchase Applications

The Mortgage Bankers Association’s (MBA) weekly application survey ending the week of May 4th revealed a 3.4% increase in home purchase applications over the prior week. Refinance applications also increased over the prior week by 1.3% and the total refinance share of mortgage activity remained strong at 72.1%. Overall mortgage application activity saw a 1.7% gain. http://bit.ly/KdbTMR

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