With purchase-money applications leading the way, weekly applications for home loans made a healthy ascension. Refinance share, however, continued to weaken.
On a seasonally adjusted basis, a 5 percent increase from the previous seven-day period was recorded for the Market Composite Index for the week ended April 13.
Foregoing seasonal adjustments, the index — a measure of retail residential loan application volume — ascended 6 percent from the week that concluded on April 6.
Source: Mortgage Daily