Mortgage application activity overall was essentially unchanged as slightly higher purchase activity was offset by a dip in refinancing.

For the week ending April 27, the Mortgage Bankers Association (MBA) reported that the Purchase Index increased 2.9% to 191 as borrowers respond to historically attractive affordability levels.

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.