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Mortgage Application Activity Increases

Mortgage Application Activity Increases

| Oct 13, 2014 | Housing Market

According to the Mortgage Bankers Association, U.S. home Mortgage applications increased last week, and interest rates dropped. The MBA’s seasonally adjusted Index of Mortgage application activity grew 3.8%, and their seasonally adjusted Index of Refinancing applications also increased 5.0%. Additionally, the  loan requests for home purchases, a direct indicator of home sales, also jumped 2.4% for the week ending on October 3rd. More here

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