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U.S. mortgage applications rise, as interest rates reach historic lows

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The number of mortgage applications during the week ending December 7 increased 6.2 percent on a seasonally adjusted basis and 6 percent on an unadjusted basis, the Mortgage Bankers Association announced today. The Refinance Index grew 8 percent from last week, reaching its highest level since the week ending October 12, 2012, while the seasonally adjusted Purchase Index grew by 1 percent from one week earlier. Unadjusted, however,  the Purchase Index fell 4 percent from last week, [more]

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