Industry News

Real estate purchases drop

Adjustable-rate share of loan activity hits record level in almost a decade
Published on May 12, 2004

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by CareyBot

Overall mortgage applications decreased by 5 percent last week on a seasonally adjusted basis, but the adjustable-rate-mortgage share of activity reached its highest level in nearly 10 years, according to the Mortgage Bankers Association’s weekly survey. The MBA seasonally adjusted ...