Richmond Times-Dispatch

Housing barometer

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The Mortgage Bankers Associatio­n serves up its weekly tally of U.S. home loan applicatio­ns today.

Mortgage rates declined steadily for much of 2020, repeatedly setting record lows. The trend helped fuel mortgage refinancin­g and stoked an already hot housing market. Home loan applicatio­ns slowed a bit in December, a traditiona­lly slow month for housing due to the holidays, but increased in the last week of 2020.

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