American Bankers Association ("MBA") announced on Wednesday reported last week, U.S. mortgage applications index rose for the second consecutive week because of the decline in the cost of borrowing on mortgage refinancing activity has played an encouraging role.
The report shows that as of January 7 week MBA mortgage applications index rose 2.2% over the previous week. Among them, the refinancing index than the Central rose 4.9% for the second consecutive week has increased, a record since early November has the highest level, the previous week for the chain increased by 3.9%; purchase applications index, the chain fell 3.7% the previous week to chain fell 0.8%.
The report also shows that as of January 7 the week of all mortgage applications, seeking to refinance their mortgages to applicants from the previous week, the proportion of 71% to 72.1%.