Refinancing activity plummeted last week while applications to purchase homes remained flat — and substantially higher than a year ago. An index tracking the volume of mortgage applications to buy homes each week, known as the purchase index, fell 0.4 percent, seasonally adjusted, from the prior week. The metric, from the Mortgage Bankers Association, was up 33 percent year-over-year, however, marking the 14th consecutive week of annual gains. The year-over-year growth in applications to buy
source https://therealdeal.com/2020/08/26/refi-applications-fall-again/
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