MBA Purchase Applications June 11, 2014

June 11, 2014 at 08:37 AM EDT

Up 9% for the week! Over 500% annualized!!!! ;) (And now only down 13% yoy) Highlights Demand for both purchase and refinancing applications, which had been soft in prior weeks, surged in the June 6 week, up 9.0 percent and 11.0 percent respectively. The average 30-year rate for conforming loan balances ($417,500 or higher) moved [...]

Up 9% for the week!

Over 500% annualized!!!!

;)

(And now only down 13% yoy)

Highlights

Demand for both purchase and refinancing applications, which had been soft in prior weeks, surged in the June 6 week, up 9.0 percent and 11.0 percent respectively. The average 30-year rate for conforming loan balances ($417,500 or higher) moved up from recent lows, jumping 8 basis points in the week to 4.34 percent.