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Mortgage Application Activity Picks Up

Mortgage Application Activity Picks Up

| Nov 20, 2014 | Housing Market

According to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, Mortgage applications rose 4.9%, on a seasonally adjusted basis, from the previous week. The jump in Mortgage applications this week ended the three-week decline in application activity. Additionally, the FHA share of Mortgage applications also rose .3% from the previous week, and the seasonally adjusted Purchase Index jumped 12% reaching the highest level seen in approximately four months. More here

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