Industry News

Real estate purchases rise

Borrowers cool refi activity
Published on Feb 25, 2004

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by CareyBot

Despite interest rates inching higher, mortgage purchases jumped 2.1 percent last week on a seasonally adjusted basis, according to the Mortgage Bankers Association’s weekly survey. The MBA seasonally adjusted purchase index increased by 2.3 percent to 423.5 from 413.9 the ...