Amid what analysts and economists have described as one of the most ‘calm’ periods for mortgage rates in recent memory, mortgage applications increased 1.1% for the week ending June 20, according to Mortgage Bankers Association (MBA) data released on Wednesday.

On an unadjusted basis, the index decreased 10% compared with the previous week.

“The combination of the ongoing conflict in the Middle East, current economic conditions, and last week’s FOMC meeting resulted in slightly lower Treasury rates on average,” said Joel Kan, MBA’s vice president and deputy chief economist, details ⇒

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