Mortgage applications increase 1.3%

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This week mortgage applications increased 1.3% compared to last week. However all mortgage rates have also increased this week with mortgage rates reaching their highest levels this year. This is the first time since the end of June 2013 that all mortgage rates have increased simultaneously, according to Freddie Mac .

Personal spending in April is projected to have jumped 0.2%, down from the 0.9% increase last month. 2.0 prior) Wednesday: MBA Mortgage Applications, week ended May 24 (2.4% prior); Richmond Fed.

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Total mortgage applications rose 1.3% in the week ended June 21 from a week earlier, while refinance applications increased 3%, according to.

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Today’s busy calendar kicked off with MBA mortgage applications for the week ending June 22. Pending home sales in May at 10AM ET are seen increasing 0.7% MoM after falling 1.3% in April. We also.

On an unadjusted basis, the Mortgage Composite index increased 1.6% from the previous week. "As a result of these recent rate declines, we saw another weekly increase in refinance applications.

 · Mortgage applications survey conducted by the Mortgage Bankers Associationcovering the week ending April 21 showed an increase in mortgage applications. Per the survey, an increase of 2.7 percent was recorded compared to the previous week. The volume of mortgage applicationsis measured via the Market Composite Index. On a seasonally adjusted basis, the increase was at 2.7.

The refinance share of mortgage activity increased to 39.2 percent of total applications from 38.6 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 7.1 percent of total applications. The FHA share of total applications remained unchanged from 10.4 percent the week prior.

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 · The refinance share of mortgage activity decreased to 37.9 percent of total applications from 38.5 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 7.9 percent of total applications. The FHA share of total applications decreased to 9.6 percent from 10.7 percent the week prior.

 · The adjustable-rate mortgage (ARM) share of activity increased to 7.1 percent of total applications. The FHA share of total applications decreased to 9.5 percent from 9.6 percent the week prior. The VA share of total applications increased to 11.3 percent from 11.2 percent the week prior.

The Market Composite Index, a measure of mortgage loan application volume, increased 1.3% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 1.4%.