Mortgage Bankers Association Weekly Survey

The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey -- with data for the week ending April 27 -- was released May 2. The Market Composite Index, a measure of mortgage loan application volume, increased 0.1% on a seasonally adjusted basis from one week earlier.

• 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 3.0%  higher than the same week one year ago.

• The Refinance Index decreased 0.7% from the previous week.

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

For additional information, visit MBA's web site: www.mortgagebankers.org.