Mortgage applications rise as rates fall

Real Estate

Applications for new mortgages continue to rise from week to week.

Mortgage applications rose 5.2 percent in the past week, according to the Mortgage Bankers Association's Weekly Mortgage Application Survey.

The refinancing index rose 10 percent from the previous week and was 163 percent higher than the same week a year ago.

The refinance share of mortgage activity accounted for 60.4 percent of total applications, up from 58 percent in the prior week.

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