Mortgage applications ticked up for the week ending June 21 amid a deceleration in the cost of home loans, the Mortgage Bankers Association said on Wednesday.MBA's Market Composite Index, which measures mortgage applications, reported nearly a 1 percent increase from the previous week. It is the third week in a row of increased applications, MBA data shows.
Read more: How Much Equity Do You Need for a Mortgage Refinance?'Lower rates, however, were still not enough to entice refinance borrowers back, as most continue to hold mortgages with considerably lower rates,' Kan added. 'Purchase applications did see a small increase after adjusting for the Juneteenth holiday.
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