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Modest Uptick in Refinancing After Modest Drop in Rates
Wednesday, July 29, 2015
Perhaps consumers viewed the recent retreat in rates as their last chance
to refinance before the Fed starts ratcheting up rates - maybe today, maybe in
September, but mortgage applications, especially for refinancing, increased
during the week ended July 24.
Bankers Association's (MBA) said its Market Composite Index, a measure of
mortgage loan application volume, increased 0.8 percent on a
seasonally adjusted basis from the week ended July 17. On an unadjusted basis, the Index increased 1 percent.
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