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Modest Uptick in Mortgage Apps Following Holiday Week

Wednesday, December 9, 2015

Mortgage application volume was higher across the board during the week ended December 4 as activity rebounded from the essentially three-day work week that led up to the Thanksgiving holiday.  Results from that week were adjusted accordingly.

The Mortgage Bankers Association (MBA) reported an increase of 1.2 percent in its Market Composite Index, a measure of loan applications received, on a seasonally adjusted basis compared to the week ended November 27.  The index surged by 43 percent on an unadjusted basis.

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