Mortgage applications increased 0.1% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 27.
The MBA's market composite index, a measure of mortgage loan application volume, increased 0.1% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index increased 0.4% compared with the previous week.Â
The refinance index decreased 0.7% from the previous week. The refinance share of mortgage activity decreased to 72.6% of total applications from 73.4% the previous week.Â
The seasonally adjusted purchase index increased 2.9% from one week earlier. The unadjusted purchase index increased 3.7% compared with the previous week and was 3% higher than the same week one year ago.