(by Dr. Goldfinger)

U.S. home loans applications remained at a stable level. 30-year mortgage rates showed rather increasing results, MBA data shows.

Mortgage activity index shifted slightly to 724.8 for the week ended on October 1 against 724.7 of the prior week.

30-year mortgage rates lifted 0.14% to 5.78% which is 0.01% lower than the last year result, the Mortgage Bankers Association said.

Last week, treasury yields saw buoyant as the U.S. Federal Reserve said the economic data to be rather optimistic.

Index on new refinancing applications boosted for a fifth straight week with the buoyant of 2.7% to 2,270.8 for last week from the previous week’s 2,211.1.

The association’s purchase index lost 2.2% last week 459.0 from 469.1 in the prior week.