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Mortgage Apps Surge As Rates Decrease 

Jan 16, 2008By

The Mortgage Bankers Association’s weekly survey of mortgage application volume found a strong surge in refinancing activity as rates dropped to two-year lows to start the new year. Overall application activity was 906.4, an increase of 28.4 percent on a seasonally adjusted basis from 706.0 one week earlier and up 39 percent from year-ago levels.

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Updated 11 months ago