Dip in Rates Supports Home-Purchase Application Activity Uptick

Indexes tracking home-purchase and refinance application activity both saw increases this week, supported by a 9-basis-point decrease in mortgage rates last week that followed easing of tensions in the Middle East.  According to the latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan activity volume and includes purchases and refinances—increased…

The post Dip in Rates Supports Home-Purchase Application Activity Uptick appeared first on RISMedia.

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