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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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