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Weekly mortgage applications hit a record, but not a healthy one for housing – Mortgage application volume rose 2.3 percent last week from the previous week, according to the Mortgage Bankers Association. Applications for a loan to purchase a home rose 4 percent for the week and.
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Mortgage Apps Surge in Response to Lower Rates – Fratantoni added, "refinance application volume increased as well. The average origination balance of a loan was $319,000. The average for home purchase was $321,500. The average contract interest.
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