Refinance applications up 41.5% last week: MBA (Market Watch)

Refinance applications up 41.5% last week: MBA (Market Watch)

Applications filed to refinance an existing mortgage rose an unadjusted 41.5% last week, compared with the week before, after an announcement by the Federal Reserve caused fixed-rate mortgage rates to fall, according to the latest Mortgage Bankers Association survey results, released on Wednesday.

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