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Mortgage Applications Rise Ahead of Independence Day 

Jul 08, 2009By

Total mortgage applications submitted in the week ending July 3 showed a holiday-adjusted 10.9% increase from the previous week’s applications, according to an application survey by the Mortgage Bankers Association. The MBA found the volume of applications for refinancing rose 15.2% as refinance applications accounted for 48.4% of total application activity, from 46.4% a week earlier but still well below recent highs. A separate mortgage application survey conducted by Mortgage Maxx found household activity rose virtually on-par with the MBA’s survey.

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