Mortgage Refinance Applications Increase for the week ending February 26, 2010 – The Mortgage Bankers Association (MBA) said in its latest report that the Market Composite Index increased 14.6 percent on a seasonally adjusted basis from one week earlier.
“Mortgage applications rebounded last week, particularly refis, as rates dropped back below 5 percent,” said Michael Fratantoni, MBA’s Vice President of Research and Economics. “Purchase activity remains subdued, with application volumes remaining within the narrow range seen in the last few months.”
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