New loan applications increased by just over 6% for the week ending Dec. 7 with refinancings topping 84% of all new business, the highest reading since January 2009, according to new figures compiled by the Mortgage Bankers Association.

Many lenders have been reporting strong volumes the past few weeks. “We just crested over $350 million last month and exceeded $900million in the third quarter,” Paul Rozo of PRMG Mortgage told National Mortgage News.

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