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… read more