Mortgage Applications Surge 23%

The Mortgage Bankers Association’s seasonally adjusted index of mortgage application activity jumped 23.1% in the week ended January 13. Refinancing applications climbed 26.4%, while the gauge of loan requests for home purchases rose 10.3%. The refinance share of total mortgage activity rose to 82.2% of applications from 80.8% the previous week, making it the highest refinance share since October 2010. Read article:

http://www.reuters.com/article/2012/01/18/us-usa-economy-mortgages-idUSTRE8030O920120118

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