The number of mortgage applications increased 5.7 percent last week on a seasonally adjusted basis, according to the Mortgage Bankers Association weekly mortgage applications survey.
On an unadjusted basis, the index rose 10.9 percent compared with the same a week age. The bulk of the increase came from purchase loans, which rose 8.1 percent compared with the refinance index which was up 3.4 percent. The refinance share of mortgage activity decreased slightly from 53.4 the previous week to 52.2 last week.
source: Mortgage Bankers Association (04/09/2008)
