U.S. MBA Mortgage Applications Index Increased 7% Last Week
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Mortgage applications in the U.S. increased for a third straight week as purchasing and refinancing advanced.
The Mortgage Bankers Association’s index rose 7 percent in the week ended Jan. 18 after a 15.2 percent increase in the prior week, the Washington-based group reported today. The refinance gauge went up 7.7 percent and the purchase index climbed 2.5 percent.