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by CareyBot

Applications for mortgage loans were up a seasonally adjusted 9.5 percent for the week ending Sept. 5, driven by a 15.4 percent jump in applications for refinancings, according to a weekly survey by the Mortgage Bankers Association.Results of the MBA's Weekly Mortgage Applications Survey, adjusted to account for the Labor Day holiday, showed a 6.4 percent increase in purchase loans from the week ending Aug. 29. A 14.4 percent increase in applications for conventional purchase loans was offset by an 8.7 percent drop in applications for government purchase loans, which are largely FHA-backed loans.Premiums and minimum down-payment requirements for Federal Housing Administration loan guarantees are going up on Oct. 1, and seller-funded down-payment assistance will no longer be accepted by FHA...