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Mortgage Apps Enjoy Post Holiday Bounce

Wednesday, June 10, 2015

Americans got back to work during the week ended June 5 and mortgage applications rebounded significantly.  Volume made up the ground lost during the previous holiday shortened week but only recovered a small part of the declines suffered in the five weeks that preceded it.

The Mortgage Bankers Association said its Market Composite Index, a measure of application volume rose 8.4 percent on a seasonally adjusted basis from the week ended May 29 and was up 19 percent unadjusted.  The previous week's data contained an adjustment for the Memorial Day holiday.

 

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