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Mortgage applications for the week ending April 8, 2005 rose 6.1%, marked by a 6.4% increase in the purchase index and a 5.6% increase in the refinancing share.

Because we’re in a rising rate environment, many people are taking a careful look at their situation, deciding whether a purchase or refinance makes sense and then taking action. Although week over week mortgage application numbers are highly volatile, that’s most likely one of the reasons we saw applications rise.

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