Overall mortgage application activity resumed an upward trend last week, with another strong showing for purchase volume.  The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, increased 2.3 percent on a seasonally adjusted basis during the week ended March 8. On an unadjusted basis, the Index was up 3 percent compared with the previous week. The seasonally adjusted Purchase Index gained 4 percent from the prior week and was 6 percent higher unadjusted.  Purchase applications were 2 percent higher than during the same week in 2018.  

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