MBA Purchase Index for Previous Week Reports a Surprise Increase

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By John Galt
May 25, 2011

Could it be?

A report indicating a 3.1% increase in the week over week unadjusted purchase index over last year, mind you last year’s number was really bad in May 2010, indicating there could be a sign of life in the mortgage industry? The MBA Weekly Report reflects just that and if we could get a sustained trend of increases it might start to save some of the remaining construction jobs in America.

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