MBA Mortgage Composite Index Rises 0.04% as Purchase Index Gains 0.53%
Updated
Updated · Seeking Alpha · Jul 1
MBA Mortgage Composite Index Rises 0.04% as Purchase Index Gains 0.53%
1 articles · Updated · Seeking Alpha · Jul 1
Summary
272.2 marked a modest weekly increase in the MBA’s Mortgage Composite Index for the week ended June 26, up 0.04% after a 1.0% rise the previous week.
170.6 on the Purchase Index showed slightly firmer homebuying application activity, with the gauge rising 0.53% after a 0.6% decline a week earlier.
The latest survey points to mortgage application demand holding nearly flat overall, while purchase activity improved more noticeably than the headline composite measure.