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Mortgage applications inch up in latest weekly survey

Mortgage applications ticked up slightly after two consecutive weeks of declines, the Mortgage Bankers Association (MBA) reported.

For the week ending May 6, overall applications were up 40 basis points, MBA said. On an adjusted basis, refinance applications rose by 0.5 percent whereas purchase applications were up by 0.4 percent.

The refinance share of applications declined by 10 basis points to  52.8 percent, the trade group said.     


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