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America's 10 Highest-Paid CEOs of 2011 (and How They Earned It)Mortgage applications increased 7.5% for the week ended July 4, 2008, the Mortgage Bankers Association announced Wednesday.
The Mortgage Bankers Association's composite index of applications increased to 513.4, on a seasonally-adjusted basis, from last week's 477.7.
Compared to a year ago, the composite index is down 18.1% on an unadjusted basis.
The Refinance Index increased 8.7% to 1,379.3 from 1,269.2 the previous week and the seasonally adjusted Purchase Index increased 6.7% to 365.8 from 342.8 one week earlier.
Meanwhile, the average rate for a 30-year fixed loan increased slightly to 6.43% from 6.33% the prior week. The average rate for a 15-year fixed mortgage increased to 5.94% from 5.90%.
The Mortgage Bankers Association's composite index of applications increased to 513.4, on a seasonally-adjusted basis, from last week's 477.7.
Compared to a year ago, the composite index is down 18.1% on an unadjusted basis.
The Refinance Index increased 8.7% to 1,379.3 from 1,269.2 the previous week and the seasonally adjusted Purchase Index increased 6.7% to 365.8 from 342.8 one week earlier.
Meanwhile, the average rate for a 30-year fixed loan increased slightly to 6.43% from 6.33% the prior week. The average rate for a 15-year fixed mortgage increased to 5.94% from 5.90%.
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