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US Mortgage applications increased 11.3 percent from one week earlier

WASHINGTON, D.C. (September 2, 2015)  -  Mortgage applications increased 11.3 percent from one week earlier , according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending August 28, 2015. The Market Composite Index, a measure of mortgage loan application volume, increased 11.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 10 percent compared with the previous week. The Refinance Index increased 17 percent from the previous week to its highest level since April 2015. The seasonally adjusted Purchase Index increased 4 percent from one week earlier to its highest level since July 2015. The unadjusted Purchase Index increased 2 percent compared with the previous week and was 25 percent higher than the same week one year ago. "Although mortgage rates were unchanged for the week, Treasury rates were down sharply early in the week due to the global stock m...