Purchase apps hit second-highest level in five years
By Brena Swanson
Mortgage applications shrugged off last week’s decline and jumped 21.3% from one week earlier, according to the Mortgage Bankers Association survey for the week ending Jan. 8.
It’s important to note that the previous week’s results included an adjustment for the New Year’s holiday.
The refinance index increased 24% from the previous week, while the seasonally adjusted purchase index increased 18% from one week earlier.
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