Industry News

Real estate purchases soar

Refi activity jumps 51% from a week earlier
Published on Jan 21, 2004

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by CareyBot

Overall mortgage purchases last week jumped 30.4 percent on a seasonally adjusted basis, as sub-6 percent interest rates fueled a frenzy of new borrowers and refinancers, according to the Mortgage Bankers Association’s weekly survey. The MBA seasonally adjusted purchase index ...

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