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Mortgage Apps Rise on Temporary Rate Retreat
Wednesday, June 24, 2015
Mortgage applications, which posted eight declines in the last nine weeks,
recovered a bit during the week ended June 19.
The Mortgage Bankers Association (MBA) said mortgage applications posted
gains in all categories and the Market Composite Index, a measure of overall
application volume, rose 1.6 percent on a seasonally adjusted basis and 1.0
percent unadjusted from the week ended June 12.
Refinance Index increased 2 percent from the prior week and the refinancing
share of applications increased to 49.0 percent from 48.5 percent. The index measuring purchase applications
rose 1 percent from the previous week on a seasonally adjusted basis but was
unchanged on an unadjusted basis. The
unadjusted Purchase Index was 18 percent higher than during the same week in
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