U.S. MBA Mortgage Applications Index Increased 2.6% Last Week
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Mortgage applications in the U.S. rose last week as refinancing activity climbed by the most in two months.
The Mortgage Bankers Association’s index increased 2.6 percent in the period ended Jan. 3, the first advance in a month. The group also released data for the week ended Dec. 27, which showed the index decreased 4.2 percent to the lowest level since December 2000.