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US MBA mortgage market index 490.5 vs 488.4 prev

ByMike Paterson

May 11, 2016

US MBA mortgage data for w/e 6 May 2016
– mortgage applications +0.4% vs -3.4% prev
– refinance index 1963.1 vs 1953.1 prev
– purchase index 235.6 vs 234.7 prev
Higher applications rate is encouraging as lower rates help buyers.

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