Continuing their upward trajectory, mortgage applications increased 29.7% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Sept. 12.

On an unadjusted basis, the index increased 43% compared with the previous week. Last week’s results included an adjustment for the Labor Day holiday.

The refinance index increased 58% from the previous week and was 70% higher than the same week one year ago. The refinance share of mortgage activity increased to 59.8% of total applications, up from 48.8% the previous week.

The seasonally adjusted purchase index increased 3% details ⇒

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