Mortgage Applications Increase 1.3%

Oct 14, 2011 by

Mortgage application filings increased 1.3% this past week as refinance and purchase activity picked up, an industry trade group said Wednesday.

The Mortgage Bankers Association reported that the market composite index – a measure of loan application volume – jumped 1.3% on a seasonally adjusted basis from last week.  The refinance index also edged up 1.3%, while the purchase index grew 1.1% over a week ago.  Read more

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