In what could be early signs of a real estate market resurgence, the Mortgage Bankers Association (MBA) reported an increase of 10.9 percent in all applications in its weekly survey ended Aug. 8.
The survey covers U.S. closed-end residential mortgage applications originated through retail and consumer direct channels and includes mortgage bankers, commercial banks, thrifts, and credit unions.
The market composite index, which measures the volume of mortgage applications, experienced that growth on a seasonally adjusted basis from the prior week. On an unadjusted basis, the index grew by 10 percent from the previous week.
An analysis of home mortgage refinancing saw the refinance index advance by 23 percent from the prior week, and by 10 percent from the same week in 2024….