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Mortgage Apps Accelerate, Refi Share at 3-Mth High

Mortgage applications took off this past week, with refinances leading the way. As refinance share widened to a nearly three-month high, adjustable-rate share was at an almost 11-month low.

A nearly 5 percent seasonally adjusted escalation from one week previous was recorded for the Market Composite Index for the seven-day period that concluded on Dec. 1.

But the index, a measure of retail single-family loan application volume, skyrocketed 47 percent from the week ended Nov. 24 when seasonal factors are disregarded.


Source: Mortgage Daily