Refinances Fuel Spike in Mortgage Activity

Even as more bad news on the economy came pouring in, mortgage loan applications continued to grow in number. According to the Mortgage Bankers Association, its market composite index, its measure of total loan application volume, increased 21.7 percent during the week ended August 10, from the previous week. Broken down into parts, a 30.4 [...]

Source: http://www.loan.com/blog/2011/08/10/refinances-fuel-spike-in-mortgage-activity/

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