Mortgage applications decreased 1.6% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending April 24.

On an unadjusted basis, the index decreased 1% compared with the previous week.

The refinance index decreased 4% from the previous week and was 51% higher than the same week one year ago.

The seasonally adjusted purchase index increased 1% from one week earlier. The unadjusted purchase index increased 2% compared with the previous week and was 21% higher than the same week one year ago.

“Mortgage rates increased slightly last week, with details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com