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Mortgage Apps Rise Modestly on Lower Rates

Wednesday, December 24, 2014

There was a slight increase in mortgage application volume during the week ended December 19 as interest rates for the most commonly originated mortgages continued to inch down.  It was the last full business week of the year and the last time this year the Mortgage Bankers Association (MBA) will report application data.   

MBA said its Market Composite Index, a measure of application volume, increased 0.9 percent during the week on a seasonally adjusted basis.  On an unadjusted basis the composite was 0.4 percent higher than during the week ended December 12.

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