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Mortgage purchase applications jumped last week: MBA

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Mortgage purchase applications jumped last week: MBA - March 1st, 2012

Mortgage purchase applications jumped last week: MBA

NEW YORK (Reuters) - Applications for home mortgage purchases jumped last week as interest rates dipped, though demand for refinancing waned, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, dipped 0.3 percent in the week ended Feb 24. The MBA's ...

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