Mortgage Applications Rise 9.3%

Sep 29, 2011 by

Mortgage Applications Rise 9.3%

Mortgage applications rose 9.3% this past week as borrowers refinanced their home loans at exceptionally low interest rates.  The Mortgage Bankers Association said refinancing apps grew dramatically, with the refi index jumping 11.2%, after the Fed announced it would move its portfolio towards longer-term Treasury securities.

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