Mortgage applications increased, with refinance share at an eight-month high, purchases up 5 percent from a year ago and adjustable-rate share wider again. But government share continued to thin.
A more than 3 percent seasonally adjusted increase in new home-loan applications was recorded for the Market Composite Index during the seven days ended Sept. 1.
Without considering seasonal factors, the index, a measure of the pace of newly completed retail residential loan applications, was up 2 percent from the week ended Aug. 25.
Source: Mortgage Daily