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Industry News

Mortgage Applications Rise in Latest Week

Reuters

Alabama residential sales improve 2 percent in July

By Alabama Center for Real Estate (ACRE)

Appraisal Institute Unveils New Educational Offering For Reviewers

By R. Shawn Brantley, Brantley & Associates

Jobless Claims in U.S. Have Dropped About as Much as They Can

By Victoria Stilwell, Bloomberg News The four-week claims average as a share of the workforce stood at 1.6 percent at the end of last month. The record low was reached in May 1969 at 1.2 percent. In more recent times, the low was in April 2000 at 1.4%.

How a Zillow-Trulia Merger Could Finally Change the Business of Real Estate

By Brad Stone, Bloomberg Businessweek, Technology

Industry News

Mortgage Applications Rise in Latest Week

NEW YORK -Applications for U.S. home mortgages rose last week as demand for both refinancing and purchase loans increased, an industry group said on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 2.8% in the week ended Aug. 22.

The MBA's seasonally adjusted index of refinancing applications rose 2.8%, while the gauge of loan requests for home purchases, a leading indicator of home sales, rose 2.6%.

Fixed 30-year mortgage rates averaged 4.28% in the week, down 1 basis point from the week before.

The survey covers over 75% of U.S. retail residential mortgage applications, according to MBA.

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