Mortgage applications rose 5.4% last week: MBA

Mortgage application filings rose a seasonally adjusted 5.4% last week compared with the last week of March, the Mortgage Bankers Association reported on Wednesday.

Interest rates charged on fixed- and adjustable-rate mortgages increased across the board.

Applications for the week ended April 4 were up 10.9% compared with the same week a year ago.

Both applications for mortgages to purchase homes and to refinance existing mortgages rose on a week-to-week basis, according to the Washington-based MBA's weekly survey.

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- Posted: 2008-04-09 08:39:50

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