Mortgage Applications Jump This Week

The Mortgage Bankers Association reported today that mortgage applications for refinances and originations jumped up by 23.1%. This is a consecutive increase in mortgage application activity since the New Year began when the application volume recorded showed a 4.5% increase after the holidays. Out of the surge of applications, “Refinancing activity made up 82.2% of all mortgage activity.” http://bit.ly/wHV6L5

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