Industry News

Real estate refinancings leap nearly 21%

Interest rates a half percentage point lower than a year ago
Published on Aug 18, 2004

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by CareyBot

Mortgage refinancings jumped nearly 21 percent last week, with overall mortgage applications increasing 11.9 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association’s weekly survey. The MBA seasonally adjusted purchase index increased by 6.2 percent to 467.1 ...