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Global Uncertainty said Behind Busy Mortgage Week
Wednesday, September 2, 2015
Last week was the strongest one on a relative basis for mortgage
applications in quite some time. The Mortgage Bankers Association (MBA) said
that its Market Composite Index, a measure of application volume rose 11.3
percent on a seasonally adjusted basis during the week ended August 28. On an
unadjusted basis the index was up 10 percent compared to the week ended August
21. It appeared to be the largest
percentage gain in applications since January.
A jump in applications
for refinancing was credited for the higher volume during the week.
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