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Mortgage Loan Application Up 6.1%, Index Up 31.3%

WASHINGTON, DC-In the Weekly Mortgage Applications Survey for the week ending June 8 the market composite index of mortgage loan applications, the measure of loan purchases and refinances, are up from the previous week.

By Amy Vaughn | Updated on June 15, 2001

WASHINGTON, DC-The Weekly Mortgage Applications Survey of the Mortgage Bankers Association of America for the week ending June 8 finds that the market composite index of mortgage loan applications increased 6.1% to 553.3 on a seasonally adjusted basis from 521.5 the previous week. The numbers on an unadjusted basis show that the application index increased 31.3% and was up 73% compared to the same week a year earlier.

There was a decrease from 344.1 to 342.9 in the seasonally adjusted Purchase Index. The seasonally adjusted Refinance Index increased to 1776.9 from 1553.6. The seasonally adjusted Conventional Index increased to 714.4 from 665.0 the previous week. The seasonally adjusted Government Index also increased to 284.3 from 282.3 the previous week.

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