Industry News

Real estate refinancings hit 5-month high

Borrowers cash in on lower rates
Published on Sep 29, 2004

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by CareyBot

Applications for mortgage refinancings swelled to a five-month high last week, as overall mortgage applications climbed 4.9 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association’s weekly survey. The seasonally adjusted refinance index increased by 7.7 percent ...