Mortgage Loans: Applications Keep Rising

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The housing market may be OK after all. The weekly mortgage application numbers are up for the third week in a row, with both refinances and purchases on the upswing.

The Refinance Index rose 6.0 percent from last week and the seasonally adjusted Purchase Index grew 5.5 percent from the previous week, reports the Mortgage Bankers Association.

The conventional purchase index rose 5.4 percent, on a seasonally adjusted basis, its best showing since May of this year. It's also worth noting that all of this has occurred without a significant change in interest rates.

For more insight on mortgages and refinancing see these AOL Real Estateguides:

More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Get property tax help from our experts.
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