The
Mortgage Bankers Association said its seasonally adjusted index
of mortgage application activity, which includes both
refinancing and home purchase demand, climbed 11.3 percent in
the week ended Aug. 28.
The MBA's seasonally adjusted index of refinancing applications
rose 16.8 percent to its highest level since April, while the
gauge of loan requests for home purchases, a leading indicator
of home sales, rose 4.1 percent to its highest level since July.
Fixed 30-year mortgage rates averaged 4.08 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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