The Mortgage Bankers Association's refinancing index increased to 853.7 for the week ended June 3, up from 832.2 the previous week.

Mortgage loan applications increased 1.7% from the prior week and refinancings made up 30.6% of the total volume, up slightly from 30.4% a week ago.

Meanwhile, the MBA's home purchase index increased to 300.1 from 292.9 the previous week.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.