October 03, 2012 at 17:08 PM EDT
Homebuilders Soar on Rise in Mortgage Applications
Homebuilders had a very big day on Wednesday, after the Mortgage Bankers Association released new data showing that applications for home mortgages jumped last week, with refinancings hitting a multi-year high. The MBA said applications jumped 16.6% in the week ending Sept. 28, and refinancing applications jumped 20% to their highest level since April 2009. [...]
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