Mortgage Applications Increase as Rates Drop

deec@kentwoodcity.com

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Mortgage Applications Increase as Rates Drop

Monday, March 11th, 2013

Mortgage applications increased 14.8 percent for the week ending March 1, 2013 from a week earlier, according to the Mortgage Bankers Association (MBA) weekly survey.

The Market Composite Index, a measure of mortgage loan application volume, increased 14.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index increased 15 percent from the previous week and was at its highest level since mid-January.

The refinance share of mortgage More...

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