WASHINGTON, DC-Mortgage Bankers Association has reported thatmortgage applications soared last week by 4.9% compared to that ofthe previous week, 82.4% of which were refinancing applications,which climbed to the top since May 2009. According to the MBA, theseasonally adjusted refinance index is up by 5.7% for last weekfrom the prior week. The 15-year fixed and 30-year fixed mortgagerates are at their lowest and household applications declined by2.4% last week and by 2.9% the previous week. For the fullstory, go to Housing Wire.
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