Mortgage Applications Rise 2.5 Percent

U.S. mortgage applications rose by 2.5 percent compared to the previous week, the Associated Press (AP) reported April 16, 2008.

The Mortgage Bankers Association compiles the data.

Refinance applications increased 5.2 percent, while purchase volume fell 0.8 percent. Refinance applications accounted for 53.5 percent of total mortgage applications.

Read The AP Article