socialmedian: Mortgage applications rose 8.2% last week: MBA

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Mortgage applications rose 8.2% last week: MBA

Source: Wall Street Journal

Nov 04, 2009

Summary

Refinancing-minded home owners move to take advantage of lower interest rates, particularly for 15-year fixed-rate mortgages, the latest data from the Mortgage Bankers Association show. The 8.2% week-to-week rebound in filings for mortgages overall reverses three weeks in which the volume of applications dropped.