Weekly Mortgage Application Activity Up
From Reuters
Applications for U.S. home loans rose last week, spurred by a rise in mortgage refinancings as 30-year mortgage rates eased to their lowest level since early April, an industry group said.
The Mortgage Bankers Assn.’s seasonally adjusted market index, a measure of mortgage activity, rose 1.8% to 690.7 in the week ended Friday.
The refinance share of mortgage activity rose to 44.5% of total applications last week from the prior week’s 43.2%.
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