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Tag Archives: MBA’s Refinance Index

Mortgage Apps Rise Slightly Week-Over-Week

While mortgage rates fell for a third consecutive week, limited supply and continued affordability issues are handcuffing prospective buyers, as overall mortgage activity rose just 0.5% over last week’s total.

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Refi Demand Falls 40% Behind Last Year’s Pace

Despite a rise in overall mortgage apps week-over-week, the MBA reports that mortgage rates are a percentage point higher than a year ago, and when combined with low for-sale inventory, is constraining home buying activity in many markets.

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