PORTLAND, OR , Jan. 16, 2013 (RISI) -
The Mortgage Bankers Association's (MBA) Market Composite Index, a measure of mortgage loan application volume, increased 11.7% during the week ending January 4, 2013, on a seasonally adjusted basis from one week earlier.
The Refinance Index increased 12% from the previous week and is up less than 1% from two weeks ago, the week prior to the holidays. The seasonally adjusted Purchase Index increased 10% from one week earlier but is down 2% from two weeks ago, the week prior to the holidays.
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