Industry News

Refi purchases hit 7-month high

30-year fixed holds at 5.49% in latest MBA survey
Published on Mar 3, 2004

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Overall mortgage purchases rose 2.8 percent last week on a seasonally adjusted basis, as refinancings reached a seven-month high, according to the Mortgage Bankers Association’s weekly survey. The MBA seasonally adjusted refinance index increased by 5.1 percent to 3,532.2 from ...