Morning Minute: Homebuyers drive uptick in mortgage applications

Mortgage applications jumped 10 percent last week, due in part to homebuyers wanting to take advantage of low mortgage rates, CNBC reports in “Homebuyers finally fuel mortgage volume, applications up 10%.” For the first time in weeks, purchase applications by new homeowners outpaced refinance applications from existing homeowners, CNBC reports, citing data from the Mortgage Bankers Association.

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