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Reports suggest US housing market may be looking up

Posted on 20 January 2012

Two economic reports issued Wednesday hinted that the battered U.S. housing market might at last be on the road to recovery.
The number of mortgage applications filed last week surged 23 percent from one week earlier, according to the Mortgage Bankers Association. The MBA’s seasonally adjusted data also showed that fully 82 percent of the applications filed were not home buyers, but people looking to refinance their home at the current extremely low interest rates………………………………………..Full Article: Source


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