Industry News

Real estate loan purchases drop

Rates on 30-year mortgage fall to 5.8%
Published on Aug 11, 2004

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by CareyBot

Overall mortgage applications dropped 0.7 percent last week on a seasonally adjusted basis, despite a decrease in mortgage rates, according to the Mortgage Bankers Association’s weekly survey. The MBA seasonally adjusted purchase index decreased by 2.7 percent to 440 from ...

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