Refinance applications saw a notable increase in activity last week as mortgage rates experienced a decline, according to a recent report from the Mortgage Bankers Association (MBA). However, the same data showed that purchase loan activity only saw a slight uptick compared to previous weeks.
Key points from the report include:
– Refinance applications surged as mortgage rates dropped
– Purchase loan activity saw a modest increase
– Data released by the MBA indicates a mixed trend in mortgage application activity
You can read this full article at: https://www.housingwire.com/articles/refi-activity-picks-up-to-highest-level-in-two-years/(subscription required)
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