Home Mortgage applications for purchase rose 1.5% in the week of May 20; this was a boost after last weeks 3.2% decline. Applications for refinancing rose 1.5% as well; which most likely relates to the favorable interest rates.

Prior Actual
Purchase Index – W/W Change -3.2 % 1.5 %
Refinance Index – W/W Change 13.2 % 0.9 %
Composite Index – W/W Change 7.8 % 1.1 %

 

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