Low rates not inspiring mortgage hunters

unispiredBy Jann Swanson | Mortgage News Dail;y

In a week when rates continued holding near multi-year lows, mortgage application activity increased, but the gain during the week ended April 15 was minimal, especially compared to the strong numbers a week earlier. Unsurprisingly, refinance demand continued to do the heavy lifting. Purchase mortgage applications, which had surged during the week ended April 8, dropped again into negative territory.

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