Mortgage applications increased 5.3 percent from one week earlier, a new report stated.
And the Veterans Administration (VA) share of total applications is also on the rise, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending Aug. 2.
Read on for more details from the report and predictions by MBA Senior Vice President and Chief Economist Mike Fratantoni of what refinance volume is likely to be in the near future.
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