Industry News

Borrowers flock to real estate

Mortgage applications jump 17% amid falling rates
Published on Jan 14, 2004

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by CareyBot

Overall mortgage purchases climbed 17.1 percent last week on a seasonally adjusted basis, as substantially lower interest rates reeled in home buyers and refinancers, according to the Mortgage Bankers Association’s weekly survey. The MBA seasonally adjusted purchase index increased by ...

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