Mortgage applications soar

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2020 starts off with a bang for mortgage business.
Total mortgage applications surged more than 30% last week, according to the Mortgage Banker's Association.
It was driven mostly by applications to refinance, which soared 43% on the week.
Home buyers also rushed in, sending purchase application volume up 16% for the week.
Purchase mortgage activity hit the highest level since october 2009.
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