Refinancing | US Mortgage Applications Jump On Refinancing Demand: MBA

February 9, 2012 – 4:21 am

Applications for U.S. home mortgages jumped last week, fueled by increased demand for refinancing as interest rates fell, an industry group said on Wednesday.

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The MBA’s seasonally adjusted index of refinancing applications climbed 9.4 percent, while the gauge of loan requests for home purchases was nearly flat, edging up just 0.1 percent.

The refinance share of total mortgage activity also increased to 80.5 percent of

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