Point

Refi Activity Hits Highest Level in Over Two Years 

According to data released today by the Mortgage Bankers Association (MBA), mortgage applications are on the rise again, with refinancing activity leading the way. The MBA Weekly Mortgage Applications Survey for the week ending December 8 showed that its Market Composite Index, a measure of mortgage loan application volume, is at its highest level since October 2005. The refinancing share of mortgage activity was reported at its highest level in more than two years.