Index of Mortgage Activity Rises

From Reuters

New applications for mortgages for both refinancing and home purchases climbed last week, as most mortgage rates fell from the previous week, an industry group said.

The Mortgage Bankers Assn. said its seasonally adjusted market index, a measure of overall mortgage activity, rose 7.9% to 709.9 for the week to Oct. 15. The MBA's purchase index rose 5.8%, while the index of new refinancing applications jumped 10.6%.

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