“Applications for U.S. home mortgages rose last week even as interest rates climbed, while refinancing demand accounted for a slightly smaller proportion of total activity, 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 3.4 percent in the week ended Feb. 1.
The MBA’s seasonally adjusted index of refinancing applications rose 3.5 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, rose 2.2 percent….”
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