Mortgage Applications Up 5.3% Last Week: MBA

Mortgage applications rose a seasonally adjusted 5.3% last week from the week before, due to an uptick in refinance applications, the Mortgage Bankers Association reported Wednesday.

Applications were up 76.9% for the week ended April 17 compared with the same week in 2008, the MBA said. The weekly MBA survey covers about half of all U.S. retail residential mortgage applications.

Refinance applications were up an unadjusted 7.7% last week versus the week before. Applications for mortgages to purchase a home were down a seasonally adjusted 4.2%.

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- Posted: 2009-04-22 08:30:22

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