Modest boost in loan applications

Applications for purchase mortgages and requests to refinance existing home loans both saw modest gains during the week ending July 17, the Mortgage Bankers Association said in releasing the results of its Weekly Mortgage Applications Survey.

Applications for refinancings grew 4 percent from the previous week, and requests to refinance accounted for 55.5 percent of all mortgage loan applications, up from 54.9 percent the week before.

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