Mortgage loan application volume rebounded from the week prior, increasing by 0.3% for the week ending Sept. 10, according to the Mortgage Bankers Association’s weekly report. The increase in application volume was predominantly driven by purchase mortgage activity, which grew by 8% from the week prior, the trade group said.
Not surprisingly, the refi index has continued to slip, dipping 3% from the previous week, the MBA noted.
Joel Kan, associate vice president of economic and industry forecasting, said in a statement that purchase mortgage application volume is currently details ⇒
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