The
Mortgage Bankers Association said its seasonally adjusted index
of mortgage application activity, which includes both
refinancing and home purchase demand, rose 0.1 percent in the
week ended July 17.
The MBA's seasonally adjusted index of refinancing applications
fell 0.5 percent, while the gauge of loan requests for home
purchases, a leading indicator of home sales, rose 1.0 percent.
The refinance share of total mortgage activity fell to 50.3
percent of applications from 50.8 percent the week before.
Fixed 30-year mortgage rates averaged 4.23 percent in the week,
unchanged from the previous week.
The survey covers over 75 percent of U.S. retail residential
mortgage applications, according to MBA.
(Reporting by Caroline Valetkevitch; Editing by Diane Craft)
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