Mortgage Applications Jump as Rates Ease
The Mortgage Bankers Association's index of loan demand climbed 2.2 percent overall for the week ended Jan. 7, to its highest level in nearly a month.
The group's index of refinancing applications rose 4.9 percent, while its gauge of loan requests for home purchases fell 3.7 percent.
Source:"Mortgage Applications Rise as Lending Rates Ease," CNBC News, Jan. 12, 2011
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