Industry News

Real estate purchases drop

Falling interest rates not enough to convince borrowers
Published on Feb 11, 2004

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by CareyBot

Overall mortgage purchases dropped 6.8 percent last week on a seasonally adjusted basis, according to the Mortgage Bankers Association’s weekly survey. The MBA seasonally adjusted purchase index decreased by 9.4 percent to 402.2 from 444 the previous week. The seasonally ...