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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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