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8/10, 1:02 PM (Source: TeleTrader)
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US mortgage applications rise 0.2%

The Market Composite Index measuring mortgage applications in the United States increased 0.2% in the week ending August 5 compared to the previous week, according to a report by the Mortgage Bankers Association on Wednesday. The index stood at 279.8 compared to 279.2 previously.

The Purchase Index dropped from 208.4 to 205.4, while the Refinancing Index rose from 640.6 to 662.9 last week. The 30-year mortgage rate grew 0.4 percentage points to 5.47%.

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