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MBA: American home purchase activity reaches 9-year high 

Apr 17, 2019By

Primarily driven by a decline in refinances, the Mortgage Bankers Association revealed mortgage applications fell further for the week ending April 12, 2019. MBA Vice President of Economic and Industry Forecasting Joel Kan said with mortgage rates up for the second week in a row that it’s no surprise that refis slid 8% and average loan sizes dropped back closer to normal levels.

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