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Mortgage Apps Enjoy Post Holiday Bounce
Wednesday, June 10, 2015
Americans got back to work during the week ended June 5 and mortgage
applications rebounded significantly.
Volume made up the ground lost during the previous holiday shortened
week but only recovered a small part of the declines suffered in the five weeks
that preceded it.
The Mortgage Bankers Association said its Market Composite Index, a
measure of application volume rose 8.4 percent on a seasonally adjusted basis from
the week ended May 29 and was up 19 percent unadjusted. The previous week's data contained an adjustment
for the Memorial Day holiday.
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