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MBA Sees Sharp Jump in Purchase Activity Led by FHA Loan Apps

The Mortgage Bankers Association’s (MBA) index of loan applications for home purchases jumped 9.3 percent last week as mortgage interest rates dropped again.

It’s the highest reading for purchase activity observed in the trade group’s survey since the expiration of the homebuyer tax credit, and could signal a rebound in home sales ahead.

Read More: http://bit.ly/btq6d7





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