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Mortgage applications saw a slight increase last week, with a boost in refinancing leading the way, according to the latest data from the Mortgage Bankers Association (MBA). The MBA’s Weekly Mortgage Applications Survey showed a 2.3% increase in overall application volume for the week ending February 7, 2025. Refinance activity stood out, jumping 10% from the previous week and rising a significant 33% compared to the same time last year.