After two weeks of small decreases, the mortgage application numbers have increased 3.9% over the past week according to a report from the Mortgage Bankers Association. The refinance application volume jumped even higher, hitting a 5% increase last week and is now up 79% over last year’s totals from the same week. Refinances are now making up 71.1% of total mortgage applications. This week continued the over six month period of purchase activity being up over the same time last year.
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