MGIC Investment Corp. (MTG)

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MORTGAGE APPS UP 4.2% AS INTEREST RATES DECLINED

"MORTGAGE NEWS DAILY
BY: JANN SWANSON

Mortgage Applications: Refi Index Pulls Out of Slump - Aug 22 2018, 7:39AM

Last week's mortgage application activity was the best since early July as interest rates for most products drifted lower for the second week.

The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage loan application volume, rose 4.2 percent on a seasonally adjusted basis during the week ended August 17, the first positive reading in six weeks.

On an unadjusted basis, the Index gained 3 percent compared with the previous week.
Most of the increase came from a boom in refinancing."