Wednesday, December 7, 2011

Mortgage applications jump 12.8% as refinancing volume soars

Mortgage applications jump 12.8% as refinancing volume soars: Mortgage applications increased 12.8% for the week ending Dec. 2 as consumers rushed to refinance loans at low interest rates, an industry trade group said Wednesday.
The Mortgage Bankers Association also noted that home purchase activity for the same week jumped with the purchase index increasing 8.3% from a week earlier.
Overall, the MBA found that its [...]

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