"Borrowers streamed back into the mortgage market last week as loan applications jumped nearly 17%, according to a regular survey from the Mortgage Bankers Association.
'Rates were going down last week,' said Keith Gumbinger of HSH Associates, a publisher of mortgage information. 'There were people, especially homeowners wanting to refinance, waiting to pull the trigger. And as soon as the number went down, they did.'"
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Mortgage applications jumped last week
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