Mortgage applications continue an upward trend

The Mortgage Bankers Association (MBA) said today that mortgage loan application volume increased 1.3 percent lasts week on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the gain was 1.4 percent.

Refinancing activity also rose, by 1.3 percent, and purchase volume grew by 1.5 percent.  It was the third consecutive weekly increase for purchase applications. Continue reading