Mortgage applications rose in latest week: MBA

April 22, 2015 11:03 AM

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Mortgage applications rose in latest week: MBA

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 2.3 percent in the week ended April 17.

The MBA's seasonally adjusted index of refinancing applications rose 0.6 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, rose 5.0 percent to its highest level since June 2013.

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