Mortgage applications surged 4.8% in the week ended April 12, as refinances grew 5% and purchases gained 4%, according to data from the Mortgage Bankers Association's weekly mortgage applications survey.

Refinances remained 75% of volume, while adjustable-rate mortgages accounted for 5% of applications, equal to the prior week.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.