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Unusual holiday home-buying surge pushes mortgage demand higher
A true estate signal marketing a dwelling “Underneath Agreement” is pictured in Vienna, Virginia, exterior of Washington. Larry Downing | Reuters An unconventional surge in home getting, just as the market enters the traditionally slow holiday break year, is driving house loan demand from customers larger. Overall home loan application quantity rose 1.8% previous 7 days when compared with the preceding 7 days, according to the House loan Bankers Association’s seasonally modified index. The raise was largely driven by programs to purchase a household, which rose 5% for the week but were even now 4% lower than the exact same week 1 12 months back. That was the third-straight weekly…