Mortgage Applications Increased in U.S. for Third Straight Week
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Mortgage applications in the U.S. rose for the third consecutive week as the number of homeowners seeking to refinance continued to climb from a one-year low.
The Mortgage Bankers Association’s index of loan applications increased 5 percent in the week ended Jan. 14, figures from the Washington-based group showed today. The refinancing gauge rose 7.7 percent, the biggest since early October, while purchase applications fell to a two-month low.