MBA Purchase Applications

Written by Administrator Thursday, 12 August 2010 12:27

The purchase index continues to show life, up 0.3 percent in the Aug. 6 week to extend a run of gains. The refinance index is also showing life, up 0.6 percent following a 1.3 percent gain in the prior week. Low rates are helping demand for both purchases and refinancing. The average 30-year rate fell three basis points in the week to 4.57 percent.