Industry News

Real estate purchases jump despite rising interest rates

Adjustable-rate share of loan activity dips
Published on May 5, 2004

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by CareyBot

Overall mortgage applications increased by 4.4 percent last week on a seasonally adjusted basis, despite rising interest rates, according to the Mortgage Bankers Association’s weekly survey. The MBA seasonally adjusted purchase index increased by 4.1 percent to 482.5 from 463.5 ...