Mortgage Application Activity Rises

The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey Wednesday for the week ending January 14, finding mortgage loan application volume increased five percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 6.4 percent compared with the previous week. MBA says this is the third consecutive weekly increase in refinance applications and is the highest Refinance Index observed since the beginning of December.
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