“Applications for U.S. home mortgages rose last week as demand for refinancing and new loans jumped, an industry group said on Wednesday.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 11.1 percent in the week ended Sept 7.
The MBA’s seasonally adjusted index of refinancing applications rose 11.9 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, rose 8.1 percent.”
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