Loan Applications for Home Purchases Strong

Residential loan applications completed moved higher in the latest seven-day period, with purchase financing activity maintaining a strengthening pace.

In the week that concluded on March 3, the Market Composite Index moved higher by a seasonally adjusted 3 percent from a week earlier.

But without seasonal adjustments, the index, a measure of mortgage application volume, leapt 16 percent from the week that included Presidents Day.

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From:: Financing