An increase in bids to refinance from homeowners drove up the volume of mortgage applications last week. An index tracking home refinance applications increased 3 percent, seasonally adjusted, in the third week of October, compared to the prior week, according to the Mortgage Bankers Association’s weekly survey. The metric, known as the refinance index, was up 80 percent year over year. MBA’s purchase index, which tracks the number of mortgage applications to buy homes, was
source https://therealdeal.com/2020/10/28/refinacings-drove-up-home-mortgage-apps-last-week/
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