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Refinancing Rebounds Slightly as Rates Dip

As interest rates pulled back last week, refinancing drove mortgage application activity slightly higher.  The Mortgage Bankers Association said that its Market Composite Index, a measure of application volume, increased 1.4 percent on a seasonally adjusted basis during the week ended August 15 and was up 1 percent on an unadjusted basis. Refinancing activity increased […]

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