Purchase mortgages apps tick up during holiday week (Inman Real Esate News)

Photo Courtesy of Inman Realty News

Photo Courtesy of Inman Realty News

By Teke Wiggin
Demand for purchase mortgages climbed last week, the Mortgage Bankers Association (MBA) reported.

Applications for purchase loans increased a seasonally adjusted 4 percent for the week ending July 4 compared to a week earlier and were down 10 percent from the same time last year, according to the latest Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.

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