Markets - Market News
Mortgage Applications Jump 12.6% in Week
Wednesday, November 14, 2012
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Mortgage applications soared 12.6% in the week ended Nov. 9, as refinances grew 13% and purchases rose 11%, according to data from the Mortgage Bankers Association’s weekly mortgage applications survey.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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