St Casimirs Mortgage Minute

Mortgage Applications Increase

Mortgage applications increased 1.4 percent from one week earlier, according to the Mortgage Credit Availability Index. The Market Composite Index, which is a measure of the mortgage loan application volume, increased for the week ending Aug. 15. The refinance share of mortgage activity increased from 54 percent to 55 percent and the adjustable-rate mortgage share of activity increased to 7.8 percent of total applications.