MBA: Mortgage Purchase Application activity increases ahead of FHA fee increase

MBA: Mortgage Purchase Application activity increases ahead of FHA fee increase

The Refinance Index decreased 6.2 percent to its lowest level since February 25, 2011, on a seasonally adjusted basis. The seasonally adjusted Purchase Index increased 6.7 percent to its highest level of the year ... “ Purchase application volume increased last week reaching the highest level of the year, but remains relatively low by historical standards , at levels last seen in 1997,” said ...

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