U.S. mortgage activity picks up as loan rates tumble: MBA MBA’s seasonally adjusted measure on mortgage refinancing rose 6.2 percent to 836.4 last week, rising further above a near 18-year trough reached in the week of Nov. 16. The group’s seasonally adjusted index on loan applications to buy a home, which is seen as a proxy on future housing activity, edged up 0.8 percent to 249.9.
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