Mortgage Applications Up Again After the Holidays

After slumping in the last two weeks of 2012, during the holidays, mortgage applications were on the rise again based on the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey for the week ending January 4, 2013. Applications rose 11.7% from the prior week on a seasonally adjusted basis. Purchase applications increased by 10% from one week earlier while refinance applications rose by 12%. What is more, “The refinance share of mortgage activity remained constant at 82 percent of total applications from the previous week.”

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