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Refinancing Continues to Drive Mortgage Activity in March

Thread starter Hoca
Start date Apr 7, 2025

Hoca

Administrator

Staff member

Apr 7, 2025

The Market Composite Index, which measures mortgage loan application volume based on the Mortgage Bankers Association (MBA) weekly survey, rose 14.0% month-over-month on a seasonally adjusted (SA) basis, driven primarily by a surge in refinancing activity. Year-over-year, the index is up 29.2% compared to March 2024. The Purchase Index rebounded 8.3% (SA) from the previous...

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