Wednesday, December 14, 2011

Mortgage applications shoot up 4.1% on refinancing surge, low rates

Mortgage applications shoot up 4.1% on refinancing surge, low rates: Mortgage applications filed in the United States shot up 4.1% last week as refinancing volumes surged on record low interest rates for the year.
The Mortgage Bankers Association released its Market Composite Index – a matrix that measures loan application volume – Wednesday morning, showing an uptick in refinancing activity. The index rose 4.1% on a [...]

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